(Resident for 29 years).On creating a yearly profitable Airbnb from purchase.

I wanted to know what the everyone's thoughts are on accomplish this goal.

Hoping to purchase a few properties in the next couple of months. 

With following the 28/36 rule, my income allows me to either purchase a property up to 430K with no HOA fees. 

Giving some rough numbers, let's say the interest rate when they purchased was around 3% and they offer to sell to us for $100,000 cash. 

hello-q: i hope that you have quite the plethora in information about the decide to..build a square space (office like in function) right next to house-to have "reason space" to work from home ('i am forced to work from home bcs of having parent who survives a stroke-cared for on/in house property, bcs putting her instead in assisted living-wouldn't be more affordable/feasable, and many states (california being one) are willing to help loved one(s) to age/stay in place as reason to build these extra spaces in/on property..putting her in the situation as more benefitting i am researching the state orgs to find out what to do=being as stellar the careful/accurate as i can with gathering as to what to do..including the obtain of funding per any grants.and trusting that having your consultation has us getting away from issue/noise over just purchasing/happenstance model in default assisted: residential (multi bed home stead-with all the red tape & fees/tax justify better?

I also own properties in landlord-friendly states where there's no rent control, so I don't need to pay someone to leave in order to increase the rent.To address the other points in your post:This is why having a proper purchase and sale agreement is so important.

This results in a net note of $685,000.So, by suggesting #2 above, and having the buyer accept such, we were able to accomplish the following1.

Purchase price: $450,000 Cash invested: $450,000 bought a run down mis managed 16 unit property, with my investors, for $450,000 Rehabbing units as they become available and increasing NOI.

Can this still work as a house hack and can still rent it 1 year after purchase?