You may need to lower the rent you are asking for by a bit, but it is way better to have a tenant using less water because they're the ones paying for it, than having them run the water for hours since they aren't the ones paying for it.

I'm sure you and I both understand that as flippers, having control over the construction cannot be stressed enough.

Problem was it's a common perk for Chinese restaurants to provide lower paid staff with room and board, and without the upstairs apartment, renting an apartment in nearby towns for staff is a problem with rooming house regulations beside a major expense.

How do you handle situations where ARV comes in lower than expected?

I see it like a seesaw - less work, less returns but also less stress.

But depending on the magnitude that home price range would have to go lower. 

To be conservative, I assumed rents will be on the lower end of the spectrum.

I have found lower end W/D more recently have been failing much faster than the higher end names (Samsung, LG, etc). 

(You’re paying $500/mo in but if you gave them $X (Say $80k.) it would lower your payment $500/mo.)

With $50k, you might be able to get started using an FHA loan, which typically requires a lower down payment, as long as you’re planning to occupy the property.