.), and when asked why they bought the property, 90% of the time, they say they're an inexperienced OOS investor who bought the property without visiting the area or the property, and it turned out to be a lipsticked pig in a D neighborhood...they trusted the data (the "incredible" cashflow data of D neighborhoods), they trusted the pictures of new finishes (and fell victim to shiny object syndrome), and they trusted someone else's (agent, PM, turnkey co, etc.) opinion that the property was a "deal", but they didn't take the personal responsibility of checking out the city and the property for themselves.  

I ran a successful software development company for 27 years and had a incredible staff of very intelligent but social awkward engineers.

)Also, I am looking for out of market deals (but still Texas) that could produce a better ROI, but still feel like this project is worth looking in to...

Any advice or info. is incredibly helpful and appreciated!!

You've posted gross, but not net incomes, and values are based on NOI. 40% vacancy is incredibly high, any buyer will have a difficult time obtaining bank financing.Stockton is also a small market, so the potential buyer pool will be pretty limited. 

Cost seg will have to be split between the two, potentially producing a different result for one unit versus the other.4.

Given the relative scarcity of multi family homes in the Dallas Area, would house hacking on a single family with a FHA loan/ 10% down conventional loan typically produce positive cash flow?

From that point forward as your deals continue to go full cycle, you’ll simply invest the original investment amount and live off the additional returns produced by opportunity.Shazam!!!

My theory is more that if you can use your HELOC which has a hypothetical interest rate of 5% to purchase an income property that produces an ROI of 7%, how pissed would you be if you didn't have a HELOC nor the cash to make things work?

They receive the tax credit, they put the solar system on at no cost to you, and then you just pay vivint for the power it produces at a cheaper rate then what you pay your utility company.