So, the evasive way to answer your question is - it depends.Since you are looking to house hack I would focus more on what YOU need than trying to find a rule of thumb for cash flow.

A perennially late tenant that is being evasive may not even be one to retain.

That message will make your point assuming you are direct and to the point, If you are in any way vague or evasive in sending the message you will not get it across.

@jay Hinrichs @aaron mazzrilloI believe you guys would know if there is a possibility on this one...Have a seller who wants all cash in paper for his property, vacant property he owns which needs a total remodel, he wants to avoid taxes all together on this deal and I advised him of the law and risks involved of tax evasion.

hii own a place in a 8 units condo and one owner is running the hoa association. i used to trust him but lately I've been asking for receipts on where the hoa money is being spent and he just sent me a list of pretty evasive costs but no receipts or specific amount of expenses. sounds fishy to me. what can i do ?

I don't mean to be evasive, or dumb (that just comes from not knowing what the heck I'm doing).

But if you get caught, you are potentially dealing with tax-evasion charges. 

in most states the transaction of wholesaling is illegalthe wholesaler-person who has the contract does not have the funds to purchase the property making it a illegal transactionwhen it is assigned-sold to the buyer for profits with no intention of being a backup purchaser this is also illegalat closing- when the two contracts are closed the wholesaler is responsible for the gain on both transactions of the property- if not doing this, the transaction is considered evasion by the wholesalerthe wholesaler is responsible for the selling cost and the purchasing cost-6%- three to buying agent and three to listing agentlegally you cannot commit fraud to make a real estate dealmost are selling contracts for gainit is not wholesalingenjoy

Might be good to consult with an attorney and/or cpa as you could have some tax evasion exposure.

The landlords have been nothing but evasive since we moved in, they think its ok since they have a mother in law studio in the back with a tenant and a person living in the garage.