They stain and your tenants will spill oil, wine, juice, etc. and inevitably forget to wipe it up.  

Hello everyone,I am a new investor 60 miles north of San Francisco, in wine country (Sonoma County) where property values aren't as outrageous as SF, but still quite expensive.

Stats:fixer upA lot of aesthetically interior and exterior work needed.New BR and kitchenPaint all roomAll floorsNew doorsPaint and replace wooden shingles outsideClean up yard and brush Possibly build a new drivewayAnd more.

Mold in basement, exterior wooden staircase needs replaced (1-2k), retaining wall needs replaced(2-3K).

I did a rough analysis using 50% rule, but not sure how to do the same kind of analysis for house hacking.Lets say its this property at 123 Turner St.Purchase price : $74,900Offer price: $60,000Down payment: $39,000 (65%)property tax: $972/yr.Insurance: $132/yr.Property Type : Duplex (Owner Occupied)Monthly rent from second unit: $410Repair costs: Looked clean from the pics, estimate $2000 for new carpet and old wooden cupboardsNow, If I were to BRRR, and not live in it,Including all costs should give me a cash flow of $218/moHow would I analyse it for House Hacking?

We are into dining out, books, wine bars, etc.

Had we been dealing with wooden planks, or plywood, on floor joists, we would have expended more effort to save the floor, but it is possible the subfloor would have to be pulled and replaced in the end.

Drawing for a bottle of wine, or whatever else is popular in your area.

Property is in pretty good shape, though i'll just have to replace a hole in the wall (in a closet) and replace a wooden door.

It's really close to commercial which may not bother prospective tenants (I'm not sure) but I'd be leery of holding it in my long term portfolio without more investigation and an exit plan that involved more than just a residential rental If it's the one I'm looking at on Google Maps then it looks like it's all wood siding (many investors I know hate the old wooden siding houses, not sure why.)