A house that's similar, but 10% larger than another usually isn't worth 10% more.

@Michael Daniel Ultimately, it's all about confirming what the housing authority pays.

Your biggest issue is that $50k may not let you get a nice house and have any reserves.

@Tanner KingWhen I analyze a house hack deal, I focus on metrics like GRM, Cap Rate, Cash Flow, House Hack Savings, and Future Rent Potential.

Don't forget to annually mark time for vacation or family time.You might consider hiring a teenager part time if there's something that is time consuming (for me, putting out 20 open house signs then picking them up).Best to you!

Property Management takes a nice cut out of your margin, unless you have the systems built to do it in-house. 

Keeping my eye on the worst houses in the best neighbors that need some reno that I can turn into STRs or LTRs.

@Adam Luepke - Great first house hack! 

They are a corporate housing company.

Most suburban cities have VERY limited lots and most of those are zoned R-1, meaning only a single-unit house can be built.In the City of Detroit, it's cheaper to buy one and rehab than build!