The RE Agents on this forum are extremely knowledgeable so would be able to speak to the actual numbers.

I suppose you can use median age of housing in a market for an extremely wide overview as well.Vacancy rate: Turnover budget is your primary capex expense on virtually every property, and if units are turning over faster, you need to include a bump for that.

I know as Account Closed stated HGTV would be so disappointed in those meager numbers.

@Marc PossoffIf your doing it yourself get ready for extremely soar muscles.  

@Abel Curiel Wow, that was extremely helpful!

Be prepared to "waste" a lot of paper towels doing this, an irresponsible amount. 100% silicone caulk is extremely sticky and slimy, and you have to keep your finger clean as you work.

Extremely helpful.

As I begin, I’m extremely fascinated with multi family units and house hacking.

I should add, for any American readers that properties meeting the 1% rule in my area are extremely rare.My question is what can I do, in terms of refinancing or otherwise to decrease my monthly mortgage payments to a level where I can gain a cashflow on this property?

And if there isn’t an extremely high level of certainty in the plan to remove it I wouldn’t even consider it.