On a low end that would put me at $1500 left over after all expenses.Notably, my long-term goal is to continue buying 3-4 unit multi’s and these retirement style commercial buildings.

Talk to STR realtors and PM companies to see what the market is doing right now.

I'm talking about the entire living room and dining room areas.Honestly I have purchased a few mods with this problem, and I will continue to do so.

@Sridhar D. continueing to show a property in bad condition may lose you good tenants.  

they talk about how much capital you need to be able to replace a substantial W2 income. 

If you are looking strictly for cash flow, you can usually find these in *cheaper* markets or "C class" markets.If you are at all interested in investing out-of-state, I do not do this myself, but if you look into "investwithace" on Instagram, he has a lot of content talking about how to do so. 

Are you talking about the one's sort of at the MGM, etc.?

Talk about the carpet life expectancy and be willing to accept them taking half off the cost from your security deposit and everyone can call it a day. 

Also might be a good idea to look into section 8 to reduce turnover as much as possible because that really is a killer over the long run.Happy to connect and talk more about house hacking in Philly!

So, you buy it, live in it for 2 years, but then turn it into a full time rental where you continue to hold it as an income property.