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House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

These low quality tenants are more difficult to get rid of.

I would also send the insurance company this same letter and tell them they are going to be responsible for the cleaning and repair cost.

Multiple people including myself have tried to caution him of the the true costs but he's been repeatedly dismissive and has made it clear we give him motivation and he wants to prove us all wrong (whatever that means). 

The outcome was a beautifully furnished home in a prime location with a low mortgage that generates consistent cash flow.

Also, I just found a few classes here (not sure cost of Study.com)  https://study.com/academy/lesson/chain-of-title-abstract-of-...Best to you!

You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.  

Figuring out the true cost will heavily depend on the type of dig down, depth, and total square footage. 

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.