Do you plan on renting out your current house or house hacking it? 

This leaves room for profit and covers unexpected expenses after fixing the property.

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

I'm not saying that's your plan, but we just see so many examples of this happening in the forums. 

Small multi-family properties starting at over $1M, which is pretty expensive and, resale single family (before year 2000) offer minimal cash flow (~$200-300/month).2.

if she had contacted me, I would have shown her what was planned to finish and discussed the financials. 

Quote from @Nathan Nathan: Hi, I am planning to create LLCs in Wyoming , Michigan and Georgia.

Your situation is so difficult, and the best plan is to get financing before we need it. 

I work on a ton of Padsplits in the Atlanta market and it is tough for a 4 bed co-living property to be much more profitable than a long term tenant factoring in additional utility expesnes, padsplit fees, and additional property management expenses.

Rental homes - especially paid for ones - are a good retirement supplement, or even plan if you have enough of them to offset vacancies & expenses.