I wouldn't waste your time with that on Zillow.

You want to look for uneven multifamily houses to house hack so you aren't wasting bedrooms in your unit and so you don't have to room hack.

@Heather McNicol I’ve paid for 2 mentorship courses thinking they’d help me get to the next level only to realize I’d wasted my money on both of them to the tune of about $12,000 all told that I could have used as a partial down payment on my next property.

If you were to buy a similar home, the interest and property taxes alone may amount to that much, which, in my opinion, is a waste of money as well.

Also, your total returns go down without any leverage because you lose the multiplier effect of appreciation.Now, to answer your question.

What makes it slow in this case is that you don't really start seeing real cash flow until after year five but it's more effective than rentals in that there is little to no maintenance.Sure you can live in a home while fixing it up with the intention of selling it for a nice profit later but I think many people are already doing that and the buyers of slow flips now also have that opportunity without having to qualify with a bank.

@Otis Clayton To partner in real estate effectively, establish a clear structure like an LLC for liability protection or a Joint Venture for single projects.

Why would the government waste our tax dollars paying higher rents than the market?

Net effect, typically, means distributions are not taxed in current year, but do lower your basis resulting in larger tax bill upon sale.Depreciation reflected in the net gain/loss from rental box on K-1.  

However, if you've already closed cash I'd say it's a waste of money.