This leaves me $700/mo (plus $200/mo in reserves) to pay myself, which seems high for a “house hack”.Hindsight being 20/20, I may have bought out of my price range.

This is the class of property that I'm referring to when I talk about very high tenant demand and low vacancy. 

Any person who can achieve property ownership, and then help others have a roof over their heads is a person worth high praise. 

Purchase price: $37,000 Sale price: $65,000 Land deal as is / buy low sale high.

Point is - some building inspectors can be all-powerful.

Then the tenant will rant a bunch of nonsense, have no evidence to back up his stories, and the judge will find in your favor based on the evidence provided by you.For future tenants, I highly recommend you read a book like mine or "Every Landlord's Legal Guide" by NOLO.

The one performing is retail strips Fund.Long term I anticipate that 2 of my three MF deals will still turn a decent return (not the heyday level returns, but still high single/low double average annual return).  

Do they have 5k in high weeds/grass built up from a year of the city mowing at $300 a pop?

Gap funding or junior position funding is highly risky. your team has no real money in the deal..

The rental income helps you but the way its calculated it gets harder and harder to qualify unless you are a high earner otherwise. 2.