If you're considering house hacking a multi family property, some lenders might be able to factor in potential rental income to help you qualify.

Most of the designers I have have sort of a baseline price i.e $2.50/per foot but it can go up or down on other factors

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

In other words, you may be great at leasing, but if you can’t keep your tenants your occupancy will forever be a revolving door.

I think your “why” is an important factor to consider when asking was building your wealth worth it.

While turnkey properties are more commonly used for DSCR loans due to their immediate cash flow, fixer-upper properties can still qualify depending on a few factors. 

People will forever say “avoid Detroit” or good luck cash flowing…. 

The cash on cash number is what I liked about it and I think the Capex will not be a big factor because of the Tenants already are there and have been there and want to stay for long term so vacancy was set lower.

Your accountant should be able to factor that into your total cost. 

Rents generally rise over time, and while mortgage rates are high now, they won’t necessarily stay there forever.