While there are definitely house hacks that have allowed owners to live for free and show positive cash flow the current interest rates and prices make those less common.

What are typical CAP RATES for the area?

Second issue is that it would be really difficult to cash flow, while paying both notes, especially with one lender in second position (which would most likely have a higher rate, plus points to offset their risk.)Now if you got the property under contract for 75% of the market value, which means you would have built in equity, and willing to personally guarantee (full recourse) then yea it may work out.If it's a good enough deal then you could even bring in an equity partner. 50 percent of a great deal is better than 100% of no deal.Cheers! 

That is to be expected and it usually falls within the acceptable rate at the time.

In your analysis, be sure to include those criteria the investor considers most important (cash on cash, cap rate, DSCR, etc).Also consider what you know about the private lender @Michael Dallas.

Time the Sale Strategically: Selling the property in a year when your income is lower can place you in a lower capital gains tax bracket, reducing the tax rate on your gains.8.Deduct Selling Expenses: Costs associated with selling the property, such as real estate commissions, legal fees, and advertising expenses, can be deducted from your sales price, thereby reducing your taxable gain.9. 

Even the best managers charge a much lower rate, like a flat fee of $200 or maybe 25% of a month's rent.

Invest in professional photography, look at other MTRs in your space that are listed at the price you want and are rated well and see how they staged the property.

The cap rate around 8.5% (when the local average is 7-9%), I think this price point potentially strengthens the property’s cash flow appeal.All units are rented on 12-month leases, and the seller reported annual expenses around $22,075.

It just depends on how much you pay to get that rate.