Increased revenue and decreased parking demand allowed us to carry income-restricted units as well.We originally planned on spinning it out into a brand, but we never had the bandwidth to do so.Our largest hurdle has been education as most of our tenants are coming in to rent traditional units.Investors did not love it. 

Being a rehab loan it was still fairly expensive.   

I feel like the seller would wait and I could just buy it in cash since I do plan to refinance it anyway and pull out the equity once I’ve done some repairs/upgrades.

I've torn one down and I've prepped another for demolition, but tearing down houses is crazy expensive.

400k is so expensive for such a small home.

NOTE: we charge extra for this.4) What about a floor plan, so prospective tenants can get an idea where their furniture may fit?

The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.

Taxes are the $100, so about $290 a month expenses. $110 a month in cashflow.

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan. 

I’m currently house hacking and planning to buy my next property in about 6 months.