Just my .02 though-three hours away on your first one may be bold.

My advice to you is that as long as you understand that there are more negatives then positives and this area is not that great, if you are willing to roll the dice then go for it but I could never sell anything like this to a client as I know statistically how this will go. 

The score is simply a statistical summery indicating a indivulaes probability of defaulting on money owed.Since a landlord is usually the first in line to be defaulted on I base a great deal of importance on credit scores the same as financial institutions.  

Let's try to walk through your scenarios here | My responses in bold House hack live in one unit rent free | Very possible in some marketsMake $1k net per month | Usually feasible for triplexes and fourplexes in some markets, but you'd expect to have some value [Note: A deal like this are still out there, but are not the standard)Have 30k-40 equity after rehabbing the property | If you find a value-add play2-4 unit property | Yes, those you can find, no problem (market specific, again) Now, Mario, when starting out in anything (REI included) you have to be flexible and willing to sacrifice because if it were easy to get $1k/month, then a lot more people would be real estate investors. 

I wouldn't trust Zillow for statistics though because there numbers are usually very general and won't apply to your exact criteria.

There are statistics on RE ROI by major cities. 

So NAR puts out a statistic that most Realtors don't make a dime for the first 6 months.

Common real estate statistics like median home price, Average Days on Market, annual change in home value, # sales, # listings, etc.Which statistics can provide clues to how much inventory of distressed (off-market) deals there will be? 

The 90 day termination period in bold is what is concerning.

I know that Zillow and Trulia can do this on an individual basis, but I'm looking more for statistics.