He installed doors on the living room to turn it into an extra bedroom.

I’d even consider finishing the basement, just well enough for me to live down there, so I could rent out ALL the units.I’d save all my cash and look to refi the property in 1-2 years out of the FHA mortgage, so I could use it again if necessary.

Another option would be a co-living arrangement utilizing a company like PadSplit.

For co-living spaces, it’s important to confirm that lenders are comfortable with the unique rental model, as it can impact property valuation.

For BRRRR, or flips in general.Tlooking also to have sort of lifestyle and not living in cold 1/4 of the year with snow.the question, is there is big differences between markets? 

As far as PadSplit, you'll have to check city and county laws concerning the number of unrelated people allowed to live in a house. 

It seems many of us living in high price-rent areas are intrigued by the potential cashflow opportunities in the Midwest.

I'm in the greater Boston area and I wasn't able to fully live for free but I was spending about $700 on my unit.

- And you said you were looking for a flip to live in or a househack acquiring a 2-4 more units?  

To my knowledge, any children living in the home can attend the zoned school district.