If it does not work I will likely try to buy it outright and a bit lower price and use Hard money.... 1 Bed / 2 Bath Condo about 900sq ft - Can NOT rent out unless owned for 3 yearsAsk: $225k (likely will try to contract for $215k) - place is in great shape.

I have a property that is located on a somewhat busy street.

Also, the ADU is 3 bed/2 bath and detached from the current house.

How many beds/baths and square feet?

Let’s hope the baby isn’t thrown out with the bath water.  

(I've yet to take a look at the property to confirm.)ARV Comps:https://www.redfin.com/PA/Philadelphia/1012-S-24th-St-19146/...https://www.redfin.com/PA/Philadelphia/1709-Christian-St-191...https://www.redfin.com/PA/Philadelphia/1525-Christian-St-191...Rental Comps: For gross rent determination I'm assuming room configuration to be 3 bed 1 bath for two units and a 2 bed 1 bath for the last (furnished unit).

I’d like to turn my primary residence - $225k townhouse (3 bed 2.5 bath) - into a rental and then go on and rent a $2500/month luxury townhouse.

Not dissimilar to if they were installing sidewalks on your street and billed you back for it based on the frontage you have. 

Hey Everyone,I just graduated college with no debt so I want to buy my first property and House Hack with college students, I found a property currently selling for $175,000 dollars, but I think It can be negotiated to a lower purchase price since it is a little outdated and the other houses in that same street have sold for less money, although it is outdated it could be rented for $550 dollars a month + utilities  and since it is a 4 bed, 2 baths; renting out the other 3 bedrooms while I live in one of them would help me break even with the house's monthly expenses.

You'll live a much happier life.it's just as simple a matter as those who have been through it before and paid to stay, aren't as afraid when they get the first notice that they're going to be in the street as someone with no experience with the court/eviction system.