They'll focus on your DTI (Debt to Income) ratios and see how your current income can support the new debt - including any existing debt payments you have currently.

Here is more on that: https://www.biggerpockets.com/forums/51/topics/998718-explai...That said, $1,500 which includes an ongoing support is pretty cheap.

Each unit features 2 bedrooms and 1 bathroom, providing a total of 4 bedrooms and 2 bathrooms across 1,684 sq. ft. of heated living space.Key Features & Upgrades:New Roof for long-term durabilityFresh Exterior & Interior Paint for a modern and inviting lookNew Interior & Exterior Doors with updated locksets for added securityLuxury Vinyl Plank (LVP) Flooring throughout, combining style and durabilityFully Renovated Kitchens featuring brand-new cabinetry and quartz countertopsUpdated Bathrooms with new tiled tub surrounds, vanities, and toilet seatsNew Light Fixtures & Mini Blinds installed throughout the propertyComplete HVAC System Replacement for Unit 686 & New Condenser & A-coil for Unit 688Plumbing Upgrades including new water heaters, updated faucets, leak detection, and a cleanout drain installationSecurity & Hardware Updates with rekeyed locks, new smoke alarm batteries, door hardware, and cabinet adjustmentsNew Landscaping to enhance curb appealThis turnkey property is ideal for homeowners or investors seeking a low-maintenance, move-in-ready duplex in a prime Memphis location.

You charge the owners a percentage and mostly everything is included.

If your overall income, including capital gains, is low enough (under $150k), you may still benefit from rental losses.

House hacking is financially a no-brainer and no city in the US (including Chicago) has more duplexes than Milwaukee.

That's not including the equity/money put in getting to build permit. 

But to your point, this does not include Property Management.

The HOA was included in the foreclosure.

I have said it multiple times including on BP,  "Buying property at Tax Sale is the most hazardous way to buy real estate."