I was wondering if the plan I’m listing below has any major flaws or if I’m missing any key elements.

I have in the past pointed out many flaws to buyers as a buyers agent.

If my multi-plex analysis has a negative cash flow of $1700 or less then it seems like this would be a good deal for me because I can easily cover that overage.D) Something else altogether.Let me know your thoughts and how you approach analyzing multi-plex deals, Also let me know if any of these options have fatal flaws or if they just need to be tweaked a tad.

It's a plan without flaws haha…Anyway we are negotiating lease terms and she wants an "option to re-new" at the end of the lease.

Our economic diversity, attraction of new residents (Hello, Californians) and favored-status with expanding companies are all contributing to a strong economy and an even stronger housing market.This is no fun for real estate investors trying to uncover bargains, but investors are buying properties here every day to build their buy and hold portfolios. 

You will gain more by helping them do more of what they are doing well than by pointing out flaws and mistakes, even if it is done through a constructive criticism format.

I had a similar deal I uncovered last year where the owner had a first mortgage of 55K on a 70K house with a lot of back taxes and extensive repairs.

I wanted to make people aware of an issue I recently uncovered with the Facebook Group : Real Estate Investors | YellowBird Connect.

You should be doing your own underwriting and verifying your own estimates: call utilities for any owner paid utilities, full review of structural items, recalculating your own taxes and financing expenses.The only thing I can see a review of financials being useful for is to potentially uncover Capex items you need to budget for.  

You will uncover the right area and property with first hands experience walking the properties and neighborhoods.In my short experience, the great thing about house hacking is yes - the money you are saving and getting into a great property.