Turnkey Investing might be an option you might want to explore especially if you are in a time crunch. 

Crunching the numbers I think I could rent the room for $400 per month, collect $250 per month from my partner, which would leave me to pay the remaining expenses of roughly $400 per month, which is slightly less than what I am paying now to rent a room in a house. 

They are under a time crunch so I am not that motivated to agree on their price.3) Raising Money, Organization, Systems, Training, Networking & RelationshipsThe BP member who offered me $50K from his IRA to invest is pretty excited about the rent to own deal in Plainfield.

The real crunch is in the people who use to do really well, two people making $100k ea is not like it was 5 years ago.  

When it comes to researching, meeting with people, crunching numbers, etc. that is all me.

I'm not really in a time-crunch because this property isn't on the market - and I'm sure the owner is feeling pretty good about pulling in 700+ a month in cashflow.

Ask flippers if you can see their flips, Ask brokers for P&Ls on listings and practice crunching the numbers.

I've crunched numbers and I'd only use a Hard money guy as a last resort.

Crunch your numbers. 

Hey Arthur,For crunching the numbers I'd just look at whether it cash flows as if you weren't living there.