I can also walk away with no loss if he doesnt accept to bring it down, correct?

I'm not sure how you are going to limit them to responsible borrowers only, but if you figure it out then you can probably just limit them from all forms of borrowing.

This is in Indianapolis not rural areas with limited Google Data. 

I am looking into either house hacking/ investing into rental properties as I am a college student with limited funds.

On BP they talk about the BRRRR but isn't that counting towards your 10 limits?

@Tereza Dyerova I run into this issue all the time in Chicago due to the high quality of a lot of the construction of the homes and the high cost to re-build them if they were to be a total loss.

That would be the absolute limit of my compassion.

You will likely only report the rental income/losses in the state the property is located in.You will then be required to file a PA resident tax return where you report worldwide income.

I note that you asked specifically about “cash-flows”, which has multiple components each treated differently for tax purposes.In general, you can start with NOI, next you have debt service and cap ex, which can get you to cash-flows.The interest portion of your debt service is tax deductible (possible subject to limitations) and the principal portion is not because you get basis in the asset for the loan principal, which generates a depreciation deduction.Similarly, cap ex is generally not deductible currently but the expenditure is capitalized and depreciated, similar to the initial basis in the asset.In summary, you have cash and non-cash tax items that cause your taxable income to differ from your cash-flows and taxable income * tax rate determines your tax liability.

I did this for years as a licensed broker in CA.. basically that's all I did.I did not enter into an agency with the seller I bought the property from the sellerI disclosed I was an agent and buying for profit or loss...