I can't remember how he crossed my path, but its the first webinar of his I've watched, after my email was blown up by 100 emails in 3 weeks on what appears to be a wide variety of topics. 

First step for you is to study investing in income properties.Generally a rental property will have in the range of 4% -50% of rental income going toward expenses to maintain the investment before debt repayment (mortgage). 

Putting it all together: If I were starting over and looking for a house-hack in Denver, CO today, I'd be looking for a 4 bed / 3 bath property in the $500K - $600K range in an up and coming area (like Aurora near the medical campus).

It will also allow you to pull out a HELOC in the 90% LTV range since it will be your primary residence.

No doubt similar stuff in SF Bay area would be in the $20M range like you're saying.

Operating in the Luxury SpaceWe focus on properties in the $1.4 million to $1.9 million purchase price range, which allows us to sell finished projects in the $2.5 million to $3 million range.

If I'm working with a HML, that number will come down to the 15%-20% range.

Quote from @Rajagopalarao Paidi: I have not seen any deals with this much spread like rehab+pp/.75, is this still valid and expected, because I have not come across any in this range  Hey Rajagopalaroa--Agreed--I don't use the 75% rule. 

Lenders that go higher than 80% LTV will likely be more in the Prime + 1-4% range.

Contrary to what some say, this is NOT a state-wide requirement, it is lender dependent.