At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

I should look at the expenses vs the income (rent collected) and not the selling price of the property. 

-22 years old-$50,000 pre tax income from business this year-80k in savings-30k in investments-pre approved for $350,000 (had to use parents as co-signers because I started business 2 years ago and didn’t make much first year)Looking to get into first house by house hacking a 4 bed 2 bath renting out 3 rooms.

If you still want to rent out your other bedroom you can have a tenant in the opposite side AND a roommate which would give you two income streams.

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

Take the proceeds and invest in a highly trusted Syndication or fund and enjoy the passive income.

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.

Too many low income apartment buildings near by / vacant buildings. 

As the cleaning company continues to grow, I am looking to invest in real estate to create more passive income. 

A lot of our housing stock here has finished basements or in-law suites, so with something like that you can generate significant rental income for an inexpensive conversion.