Second, while I have the numbers for how much each apartment would cost to build, my mortgage on the shell would be due each month and I will have 0 income until I can build out and rent at least 1 apartment (assuming the city would be willing to grant me a CO for each apartment completed, instead of making me build out the entire building before issuing me one CO for the whole property) and find renters willing to move in at a discounted rate until the construction is over and they won't have to deal with the daily noise.

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.

Optimal Finance Daily. 

I contacted a realtor, talked to her about my goals and requested to be put on an auto mailing list.6) I created an excel document that I printed out and have tasks to complete every day (including running daily deal analysis!)

I disagree agents are flat out lying about ownership on a daily basis. 

And of course - what part of town do you actually want to live in on a daily basis?

I feel like that would take astronomical amounts of time. find a good broker.. and be very cautious of wholesalers.. get on MLS feeds  they are free and come to you daily. not that hard.figure out the median price point for the city and buy above it.. that usually will in of itself get U in the better areas.lets say the median is 150k then simple logic will tell you a 50k home is going to be in the roughest areas etc.

Been reading up on the forums almost daily over the last few months, as I am looking to get a house hack 2-4 unit before the end of the year.Unless I missed something completely from the calculator, what I read in the forums, and what I have seen/heard in the podcasts and webinars, I believe that the expense percentage comes in from total rent, and not a percentage off of the leftover money when PIMI is taken away.

Typically termite damage is typically related to moisture. 

People are pouring thousands and thousands of marketing dollars into Manchester area daily in hopes of attracting off-market distressed properties and most of that is for single-family; meanwhile Brokers are giving pocket-listings to the experienced guys.