It's that you'll inevitably at some point over the next ___ year be shoveling more money into the deal.Cash-flow positive deals are a little easier to rationalize because you're sinking "profit" (quotes intentional) back into the property with the goal of hopefully higher returns. 

Going over 3 years is significant - easier to say this is a disguised sale.

The more you know about what kind of purchase, your financing options, and any other potential attributes of your deal are the easier it will be to discover a way to acquire the type of property you seek.

If you're looking to lower living expenses House Hacking is the way to go but I doubt with House Hacking you will be getting Positive Cash Flow every month in our local Market.Pick a Market and consider investing Out of State, its challenging but with time & system in place gets easier..

If it's a 'clean split' meaning if that split goes to both units entirely - and that split is accessible that's a WAY easier deal than if you for instance have one trunk line that goes through the whole place and say, Ts off 7 times to get to all of your appliances - with alternate Unit 1, Unit 2 along the way. 

My belief is that is mildue and can be cleaned up pretty easily. 

Buying an ugly duckling in a clean pond is a good thing.

They should also reimburse you for any emergency water damage repairs like carpet drying from the likes of servpro or local water clean up professionals.

It's a lot of work going through everything the first time and trying to figure out what's what, but after your first deal it is much easier.

To get into context, this quad isn't on the market, but the owner did try to sell it before, previous "buyers" backed off after inspection.Originally it was built the 1890, the interior of the building is actually very clean (I was very surprised), the issue is with the foundation.