When I ask for an income report, I received a spreadsheet with multiple units. 

If there are people there will be a need for MTR-- getting your location, unit size and pricing to align is the magic sauce.

Then, how does that look if you were to updated units and move out and rent both sides? 

I plan to live in the multi-family for a year then move out and rent the unit.

if its a single family you'd get an appraisal called 1004 as is + arv . if its a 2 to 4 unit you'd get a 1025 as is + arv appraisal .

You could wait to close until you have your license and rather rental arbitrage the unit from seller until then.

That isn't written somewhere specifically that way, but your lender will ask why you would move your primary from (for example) a 2,000 SF SFR to a 750 SF unit in a four plex? 

One of my early properties barely broke even, but after a couple of years, rent hikes and expense optimization turned it into a strong performer.For cash flow benchmarks, I usually aim for $200-$300 per unit, but your situation.. house hacking.. offers unique benefits like reduced living expenses and quicker equity buildup.

Good Morning,I am a former Claims Specialist with the Social Security Administration and currently unemployed homeowner who is looking for guidance on how to gain property management experience here in the Central Coast of California.My wife is the only one working at the moment, so times are tough to say the least.We're looking to rent out a portion of our home in order to save up enough money to purchase our second home (or multi-family unit), rent that out, and begin to expand our portfolio. 

If i have only a single unit security deposit in the account, it will likely get a service charge.