Im not a self fixer upper guy, so not real interested in those types at this time.

My priorities are cash flow and tax benefits, and I’m looking at purchasing a 2/2 that fits up to 10 and is along a body of water.

You can find fixer upper multiunit properties which will in turn cash flow better after you renovate.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

The house has a bit of potential for rental as house Hack as we are planning to live in the upper part and rent the basement.My questions is, is that possible to convert the basement into 1Bed 1Bath, with over in the kitchen and shower?

Example would be for a SFH fixer upper in grandma condition:   $10k for demo and permits and prep, $10k for wall removing and layout revising, $10k for basement framing, $10k for drywall, $20k for paint, $30k for flooring, $20k for kitchen, $20k for baths, $20k for any MEP upgrades, $10k for trim work, $10k interior finishes 

Or buy a fixer upper and work on renovating (valuable learning experience if damage not too extensive) during college years then sell and keep up to $250,000 tax free profit as your primary residence allows.

It's a free market, no body can force anybody to buy or sell anything.

Arizona, Georgia and North Carolina are unfortunately at very high risk as well.I think we’ll see large swaths of climate refugees moving to the midwest, upper midwest and mountain west.

But this time, focus on it being only a fixer upper.