For my current situation i definitely prefer to get a place that id live in( would probably look to breakeven worst case scenario or perhaps a minor loss in the beginning).

Explain to them your only concern is trying to get it rented in Jan which is the worst time to try and get a place rented.

A lot of expenses in the first year but hopefully the worst is over and I'm setup for a good 10 year run with this rental.

Good grief, this is the worst PM ever. 

As has been mentioned above, the worst thing you can do in such a situation is go in being able to juggle loans (see Uncut Gems...good movie even for investors to check out) that ultimately can turn into gambling when you don't know if you're numbers are going to bear out and you're going to hit a profit that makes it worthwhile in the end.

Worst case appraisal would be $1200 mortgage and leaving 5k in the deal.

@Sandy Gabin i anticipate the worst case scenario, so i would assume there would be heavy traffic throughout the house. im going to preserve the wooden floors for when i decide to sell the home (would appraise higher). the current town i own a duplex in has a rent range of $1,400 to $2,000 on the same street. the higher end apartments have hardwood floors, and laminate waterproof flooring in the kitchens.

The freestanding ones are the worst on this front- finished basement ADUs will come closer.

In life things always change, hang in there and things will get better. you will need to plan and have multiple worst case scenarios to protect yourself.Originally posted by @Andre Walker:Caught Between the Crosshairs, I have a Property that I bought as a inital investment propertry, got placed in a situation had to live in it, then family (children) came to live with me all while rehabing the place over the place over the past 5 Years, nearing the completion but, I am at the piont to where I need more than what I know or at least think that I know. 

What's the worst-case scenario you've experienced?