Now you need a loan for $720k.

If you have a 6 bedroom in an area that does not have a university (students looking for shared space) or is in a family friendly place it may sit vacant longer between tenants.For Capex, try not to use a generic number - look at the roof, furnace, hot water tank, kitchen - when will each need to be done and what will it cost?

(Live there for a bit then rent it out)It's a tough decision nowadays with a 3% mortgage which is pretty much an asset in itself. 

They have a very high risk of ending up in a lawsuit if you ask me.

Did you manage to find a renter?

Example 3/1 you can add a bathroom.  

A cooperative house hack between you all would be a solid first one, but you need more savings.

Make sure if you go into a contract (no option period), you require a substantial earnest money.

I might be interested in a good recommendation for a partner as well. 

When my places with section 8 tenants are inspected yearly the inspectors just want to be sure that the paint isn’t flaking and thereby causing a situation that a small child may ingest the paint chips.