People keep posting on BP with poor ADU appraisals (and this matches what I hear at RE meet ups), but for some reason there is a reluctance to believe these posts.  

I have also purchased resid. and comm. properties where the landlording/property management was really poor. 

They will do a Good title search that no liens or mortgage issues with the firemineral rights transfer, easements, a survey, type things need to be clear.glad you escaped the fire with your health is main thing

Cashflow may not be immediate but if you run your #s, you'll be able to see how long it'll take to cashflow and what kind of equity you can expect to build within your first few years of house-hacking.I began househacking in 2010 while working an NYC job (Health + Hospitals Corp., formerly HHC) earning a base salary and overtime pay that are nearly identical to what you posted here.

If you could a way to tokenize good deals I might be on board but I don't want anything to do with the distressed income deals you will likely be able to source unless I had ownership rights and could fix the problems causing the distress.That’s a real concern, however properties with failing numbers or poor management wouldn’t work for this model because the income rights being sold would hold little to no value for investors.

@David Rodriguez  MTR is about location for health travelers and you also have a healthy  population of snowbirds in Phoenix. 

Everything over there is really poor.

But Lo and Behold, you will have state regulators and prosecutors, coming after you, painting you as a Devil incarnate to make some headlines and parade themselves as protectors of poor home owners, who are set up and guaranteed to lose their homes when they have no options to reinstate the loan a day before auction. 

You would want to look at the Texas Health and Human Services Commission website.

The bulk of properties run by small private landlords are managed rather poorly by people who don't know what they're doing and really have little idea about how to get better at it.