I've fought similar situations in housing courts and this tactic can do 2 things: 1.

Please let me know if you have any experience with this situation. 

The question I've asked myself when I find myself in situations like the one you're in, and one I also ask when analyzing a deal, is "What's my downside?". 

Quote from @Rigel Cagbabanua: L@Paul De Luca I’m thinking of saving up to down 20% probably and I would also like to have it rented by tenants in the future I don't know your financial situation and it depends on the purchase price, but for a lot of people it can take years to save up for 20% down.

Some DSCR Lenders have now moved to better accommodate this - taking 120% or 125% of in-place rent in situations like these

While a mini storage, apartment building or some other type may sound great they all come with their own issues and stresses. 

Hi - a lot of people in your situation move from conventional to "DSCR Loans" for this exact reason - since its hard to scale meaningfully when needing a DTI ratio to qualify (one of the main benefits of DSCR is no DTI ratio in qualification).Check out this 10-part guide on all you need to know on DSCR Loans published on BP!

Everybody's situation is different. 

Have you ever run into a situation where the essential repairs bumped the Price into “not a good deal” territory?

My current situation does not support house hacking, but maybe I will be able to try it some time in the future.