My focus is on uncovering properties priced under $800K with the potential to gross six figures annually.

Quote from @Bob Dole: All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, front load (vs. just a straight line over 39 years) -save money on taxes because of the depreciationCons: -if I sell the property, the recapture will be larger -not recommended if you flip propertiesSo hypothetical situation:-Majority of our income is W2 based, let's say it's $500k-Net income from commercial rental is $100k-Income from dividends and interests is $100k-Both of us are full time W2, so non-prof real estate (but this can change  -- please see below)So we're hypothetically grossing $700k a year. 

The property has a massive 900+ sq ft attic with very tall ceilings that would make a perfect 3rd unit potentially grossing another $1000 per month. 

That is 8% savings on the gross rent. 

Banks use the Net not the gross so it’s not what you make its what you show to the IRS.

I live here in Columbus, and it's very attainable to house hack a duplex for $400,000-$600,000 in an A-class neighborhood and gross $3,500-$5,000 in rent, which is why I asked.  

But I will have over a million in pure gross income coming in 25.  

I'd suggest using a minimum of 25% of gross rent to cover expenses on paper until proven otherwise on any given property.Only you can decide how much cash flow is acceptable but I wouldn't consider something that essentially breaks even.

So a MINIMUM 22% Gross ROI is needed to “scale”.  

. $69k for a 3 unit with gross rents of $2k a month and total expenses of $800 a month which included management and capX.