If you are interested in the underwriting process and financial model for multifamily, I recently published an article on LinkedIn that breaks down the end-to-end process that we follow to determine the purchase price range for properties.  

Do you have a price range and neighborhood?

On the podcast David keeps saying that house hacking is the easiest way to build wealth through real estate, advising to add one property each year paying 5% down.I'm theory it sounds great but in reality assuming you buy a property in the 500k range, there's no way you'll be able to make it cash flow which makes it hard if not impossible to actually scale and do this every year or two.What are your thoughts?

From what I have seen in Colorado Springs, the lease only tends to range from half a month's rent to a full month's.Keep in mind, Colorado is coming out of a very anti landlord legislative session and you will have to stay in compliance with the changing laws.

Just depends on what your comfort level and willing to dive in the deep end.If your open to higher price range I would tell you to try and stay in the multifamily since it helps offer more rents per month under one mortgage, tax bill and insurance policy.

Cost to List + Changes to Listing.Can range from $100-$400 for the exact same listing on the MLS.

It will in he range or 140K to 150K (38118 or 38109).

It is easier to buy a home in a price range of $100K+ range that either has enough equity after renovations or appreciation to pull out a LOC or cash to use for the down payments or to purchase "All cash" for those deals under $75K.problem with low loan amounts is you will be maxed at 75% LTV and doing a cash out refinance on a $50K home is going impossible due to most lenders having a minimum loan amount. 

Water bills for the property at typically in the $50-60/mo range but range $150 for January, $350 for February and $480 for March.

Flipping is extraordinary hard right now, I look everyday at deals in 17 counties these range from the nations capital to rural areas with population’s in the hundreds, I also act as my own gc, am a real estate agent and have a relatively cheap line of credit (8.25% no points) and I’ve bought one deal in the last 2.5 years. a flip really is a quite easy formula 1. your purchase price (you make money when you buy)2.