(source below)I ran these numbers on my own portfolio (of 9 units, 4 properties, mostly updated with Low CapX) in Green Bay, WI and my tenants are paying on average $1.08 per SQFT and moy cost is $103 PSF. 

My per unit cash flow would be higher than their per unit rent and in many cases by a whole number multiplier.  

Greetings,This is likely a silly question, but are hard money lenders ever willing to fund 100% of a down payment on a large purchase (20+ units) after viewing the deal (rent rolls, etc)?

We had a unit turn over and would like to fill vacancy with a Section 8 tenant.

The cost and work to furnish, decorate, and outfit a unit with the necessities to be used as an STR would only make sense if you think this flip is in serious trouble and likely won't sell for quite a long time.

Also because my partner and I have family here, so we do not want to venture too far for our first property.We want to start off house hacking to reduce our living expenses, but specifically looking for properties that will cash flow once we move out of that unit.

All of my rentals fall in the 1% to 1.5% rule, including a newly built 8 unit complex in Barboursville, WV.

Obviously I plan on increasing his rent to market value and switching utilities but hesitate increasing it past 20% due to the fact that during our walkthrough he seems like a solid tenant with a very well kept unit and even bought his own washer and dryers in the unit. 

@Keith Davighi I like speaking directly with Property managers that have many units under service in the communities you are looking at.

As some other mentioned there are a good handful of questions to ask such as how they screen tenants, lease units, fee structure and try and ask for references on some of there older clients as well as newer ones as well.