I hope to own a MultiFamily home where we can live and also generate $.

I understand it’s much easier to buy a 6 unit building than it is to buy 6 houses, but just having more doors doesn’t seem to generate the same amount of cashflow.

The top floor, with access to the garage will generate $2,600/m + utilities and the suite will generate $1,600 + utilities.$4,200 total income-$500/ property tax-$200/m insurance-$150/m maintenance-$100/m city utilities (water/sewer)-$210/m 5% vacancy (even 5% is overkill)-$2,500/m mortgage ($700k @ 2%)=$540/m cashflow - Even if you wanted to have a property manager at 10% the property would still be cashflow positive.This property only generates 0.47% of the purchase price per month (nowhere near the 1% rule) but still cashflows. 

Do you just randomly listen to what interests you?!?!

You had to live there at least 2 years some years back.I don't know too much about how they do random inspections.

The test consists of 10 random samples within the house including vinyl flooring, popcorn ceilings, wall texture (not drywall), pipe insulation, and and attic insulation.  

If you're not a college student and want to do this, I would beware of matchmaking by having a bunch of random college students living together.

I raised rates and generated more income which naturally was great!

Either way it’s nice generating income from your home.

When I do my books at the end of every month I go through my bank statements one line at a time and as I enter each transaction my computer automatically generates an X-NUMBER.