Let’s be conservative and say that it would only sell for $300k : you spent $100k on it anyway… and now your over all mortgage would go from $700k to minus $300k or $400k.

Use private money lenders and choose a conservative market.

Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!

•Run your numbers conservatively and stress-test your investment.Lastly, I’d reconsider Section 8 (S8) for your first deal.

Remember you are using debt to make this investment, not reserves  sitting in your bank account so I recommend a more conservative investment approach. 

If I'm looking to househack with my family (I had a toddler and a newborn the last time we did it) I might be interested in 1/3 of these neighborhoods, of which a few will absolutely produce some income (assuming you're number's aren't ultra-conservative) upon moving in year 2-3.

I am trying to be as realistic and conservative as possible 

I'm a conservative investor.

To be conservative, I assumed rents will be on the lower end of the spectrum.

Since you plan to theme it and didn't put a number to that, lets just say $75,000 conservatively, including garage, bedrooms etc.