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.

Does that factor in both the mortgage, taxes and maintenance? 

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.

* What are some factors to consider when identifying these hot spots?

Look into crime maps, and do the old fashioned thing of getting in a car and driving the market if it's not in your back yard.

Some other factors to consider - How long are you planning to hold this property?

If there is anything I could do (drive by, analysis/insight on the area) I would be glad to help.

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 factors you mentioned are very important to keep in mind for any investment, but I like investing in areas I know. 

I love how you’ve integrated the lessons from The Fountainhead and Frank Lloyd Wright into your personal and professional journey, especially as you pursue both beautiful design and a growing real estate portfolio.Your ambition to scale up to $20M and beyond is exciting, and I’m sure with your drive, experience, and passion for architecture, you’re on the right path.