Quote from @Devin James: When running numbers on an investment property, I focus more on equity growth than monthly cash flow.Here’s why:If I can acquire a property at a low basis and add significant value, I can: 1) Sell and reinvest elsewhere 2) Cash-out refinance to recapture my investment.

It makes less and less sense in a market with low inventory and high interest rates.

I'm working with a company who owns a small, 19 unit, senior and low income apartment building.

I know this seems low, but the way I see it, this is how much the buyer would potentially walk away with if they posted it on the market and minus all the fees and concessions so I am getting them to that number with none of the hassle and removing the issue of a looming foreclosure.

BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard.

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

Foreclosures ar near all time lows.

Like you said, your maintenance should be very low on BTR.

Both reno loans also allow for a low down payment (3%-5% minimum - AMAZING!).

The 6.75 rate is a conventional 30 year w low closing fees (the credit union I used last time).