I'm currently exploring opportunities in the Honolulu market and looking to use my VA renovation loan to purchase a 3-4 bedroom home, renovate it, and rent out the extra rooms as part of a co-living/house-hacking strategy.

Raise fees on building permits, give tax credits on renovations.Suburban sprawl really hasn't been a good thing for the US.Of course, it's all about supply & demand.But, if you can figure out why more people want to live in Hazel Park (leading to teardowns & rebuilds) versus south Warren or Eastpointe (nothing happening) then you can make millions.

In Oregon you can kick out who ever is living there unless the federal law regarding arms length leases comes to play..

Additionally, many properties on MLS in need of rehab are in C-/D class neighborhoods which I have no interest in living/owning in (at least starting off). 

I personally would only reno to add additional living space and leave the rest as is.

Quote from @Dereck Olson: Hi Nicholas,  Just a thought from the possible tenant's perspective, but filling out a prequalification form and/or providing personal information before they have even seen a place and know if they will be interested in living in the property might be a bit too much to ask. 

The only exception is for on-site managers, like you'd find living in one unit of an apartment building and managing the building on behalf of the owner.

I am in contract for a duplex in Grandview where I plan to live in one side and rent out the other

This 4 Bedroom, 2 Full Bath Home Features Almost 1,700 Sq Ft of Living Space.

Glad I live in Idaho for many reasons.