Also, make sure there aren't additional restrictions on the property condition, compared to a conventional loan. 

People are now locating their properties and trying to find people to manage or even if they have tenants, who is paying, who is not and finding the homes to be in sub par condition.

How long has it been on the market, what condition is it in, what do the numbers say?

What these $20 - 40k “mentorship’s” sell is a SHORTCUT, but it does NOT work because the PRIMARY real estate education and knowledge MUST be there in order to be able to implement and strategy or tactic correctly, at the correct time, and under the correct conditions.  

I couldn't not understand why this great nation didn't have health care.  

I’ve noticed quite a few price drops in SFH in these areas in the past few weeks due to shifting market conditions.

I really liked the condition of the property plus the seller financing helped seal the deal.

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 two funds need money for litigation support, that seems telling on the current financial condition.

The 1% rule does not consider the condition of the property and is very limited.