Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.

They are a commodity, and owners are competing directly against hotels in this space, so rents are ultra low.

We came in low with our offer, but were willing to skip the inspection (which had already been completed before we offered) and stipulated that we would close in 20 days, which was super valuable to the seller.

It's no different than anything else that people try to DIY: it can be done but beginner's mistakes will be made, the end product usually isn't as good as a professional would have done, and it usually takes longer and costs more. 

Because, it's way too low. 

I would confirm by seeing the product then going out and checking comparables in that market that have sold. 

It could be 50% high, 50% low or right on the money but no matter which of those three it is makes no difference.

They will give you a few minutes of their time and tell you if their products are right for you.

If you want to buy your first property ASAP, house hacking (duplex, triplex, or renting extra rooms) is one of the best ways to start with a low down payment while learning property management.

:We use the cheapest ones that they provide at Lowe's, our handyman installs.