Just waiting on utilities, then vertical construction can start. 

I also spoke with our landlord this morning... and he honestly sounds overwhelmed at the idea of potential extensive water damage.

Especially no where near the price-point that would validate utilizing the house-hacking technique.

When applying for FHA financing on a fourplex (or duplex/triplex), how can I utilize the gross rent in the actual qualification?

That will require them to do a complete and extensive review.

I'm currently getting $300 off of my $2,025 rent package (rent, utilities, parking, wifi).

As an example – a car dealer doesn’t want to spend money mailing to people who probably won’t to be able to qualify for a loan.When looking for Motivated Sellers, we target homeowners on the opposite end of the spectrum: people who are most likely to be having financial difficulty.By applying Low ESI to your list, you add a level of motivation – homeowners who are struggling economically are more likely to want to sell their homes.While credit scores were utilized in developing the model - they are not actually part of the model (hope that makes sense) so there are no restrictions in using it.

Utility companies, local, state, federal governments all have it.

I have been reading extensively about 1031 exchanges, but using "real life numbers" really helped it click in my head.

This way, my tenant is paying for it in small pieces, spread over 30 years, which I never hit, so the cost to me is only the loss of CF (minimal) while I'm still the owner.2 - HVAC - Covered by my local utility company through an "appliance repair" program.