Consider that a few big expenses (ie. roofs, HVACs, etc) are often taken care of for a little while, since they are replaced as part of the reno in a few of these example properties.Thank you all in advance! 

Thank you in advance for any replies.

@Phillip Austin Rent by the room investing is an excellent strategy.

This time of the year we are talking about strategy and goals for our REI for next year and frankly, I am not sure where to go from here.

As for strategies, do you have any other skill set that you can bring to an experienced operator?

Thanks in advance. 

(I apologize in advance if this reply seems a bit lengthy.)

The issues with househacking-type strategies typically arise when you apply for a new loan.

Have you considered other strategies?

As a rental, tenants will likely prioritize the location over minor inconveniences.Your strategy of betting on appreciation and eventually pulling equity makes a lot of sense in this market.