It costs the same thing to fix a hot water heater or remodel a bathroom on a $200K house as a $100K house.   

I wouldn't spend 2k on it or anything.Yeah I have one particular house where everyone who books it constantly says how pleasantly surprised they are at how nice it is and that it looks so much nicer in person than the photos.

Good question - I've been house hacking on this property so your question made me do some math.Currently I rent a one bedroom studio for $1,100 which covers the $899 mortgage but not other expenses.

Very affordable housing. 

Don't be discouraged by the lower returns—house hacking is often about long-term wealth-building, and your primary residence can offset some of those mediocre numbers.Make sure you're accounting for local trends and realistic rents—sometimes expected rent growth is overly optimistic, or costs like repairs might be underestimated.

hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.

How would I go about getting the money to house hack.

You could sell one house and buy two with that money. 

Hurricane Milton recently caused widespread flooding, yet this house remained unaffected.

welcome to the community. are you looking to house hack your first home?