These statistics are taken from Stop Acting Rich by Thomas Stanley.In 1988, when Stanley first started compiling these statistics, as detailed in his book Marketing to the Affluent, the figures were 98% and 2%.

My only advice would be to make sure you have a very good attorney detailing this deal (especially if you are using private cash for the reno).

I'll PM you for specifics on location (I'm paranoid, I suppose).Few more details on the units:101Month-to-month lease (MTM) $850 + $200 RUBS2 bed/ 1.25 bathWash/dry access in laundry room next to unit shared by 102879 SF102MTM $850 + $200 RUBS2 bed/ 1 bathWash/dry access in laundry room next to unit shared by 101792 SF201MTM, $1450 + $375 RUBS3 bed/ 2 bathWash and dryer in unit1,548 SF202Lease ends 9/30/19, $900 + $270 RUBS2 bed/ .75 bathWash and dry in unit653 SF

Message me if you like and send me more details of what you are in search of!

Mine is just as detailed as my term lease.

Further details on the gameplan : Although to date we own 2 rental properties and have done 1 flip, we want to do a house hack/ renovation for our own primary residence to live in, build equity + possibly sell 5-10 years down the road.

This has been discussed in a lot of detail.

I figure 10% to be conservative.Management is usually around 10%.Why are you estimating $70k ARV, but a purchase price of $45k and barely any repairs needed?

I started digging, contacted the auction house and got more details. 

Instead of just jumping in and getting started, I feel the need to figure out every single detail and play it out in my mind before moving forward.The Bigger Pockets community seems like a vital asset to getting started in the real estate investing world.