I did find this deal driving driving for dollars, the realtor of the property was adding his sign in the front yard, I approached to make and offer. we close in 3 weeks.

Dont rely on national number to drive your investment strategy. 

Never fully trust anyone that isn't willing to share the negative aspects of all this.As I'm sure you've experienced, this can be a very rewarding path to take and depending on your grit and determination, overcoming all the pitfalls are well worth the effort.Cheers and drive safe!

If you're considering house hacking a multi family property, some lenders might be able to factor in potential rental income to help you qualify.

While turnkey properties are more commonly used for DSCR loans due to their immediate cash flow, fixer-upper properties can still qualify depending on a few factors. 

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

Feel free to reach out directly if you'd like to dig deeper into the chaos I've immersed myself in over the last 10 years or so.Cheers and drive safe

The cash on cash number is what I liked about it and I think the Capex will not be a big factor because of the Tenants already are there and have been there and want to stay for long term so vacancy was set lower.

No, it's not a normal business practice and does not pass the smell test.From driving? 

Your accountant should be able to factor that into your total cost.