I am somewhat picky though because I know I can be, as I pass any basic landlord tenant screening with flying colors.  

I typically will go out and visit before the end of the inspection period but after the realtor and home inspection is done...

If you start drawing first without knowing what lines you can color in you may be wasting time / money.

If I price it according the cap rate method, I come up with 122000 Bank's highest bid is 70000I intend to BRRR this property, but not certain if I'm looking at a deal.  72000 purchase price (foreclosures in this area that sell to 3rd parties typically go for approxmately assessed value)Repairs 25000Buying cost: 500evictions/cash for keys: 1500Initial cash outlays: 99000Annual revenue: 22500Taxes: 1417Insurance:  1500?

Some people use a HELOC (typically and more easily from their *personal* home) to pay for an investment property.

They're not doing so hot, and many of the out of state investors come in breathing fire and run out in the middle of the night white as a sheet and in quivering fear someone will hear about the shaved Steel City orangutan they woke up next to.

I am not familiar with the current company you are using or any agreements you have with them, but typically if the tenants do not pay you do not get paid. 

One thing that may be good about purchasing a small multi-family to live in and house hack is that you can typically get in with a lower down payment (where as if you wait until it becomes a true investment you wont typically get in for less than 25% down).

I understand that the website does all the calculations for me, but being an engineer I typically learn better through actually messing with equations, seeing where they're derived from and applying them myself.

I mean this because "appreciation markets" are typically more expensive markets.