I encourage him to invest in a multi-family home because he can house hack and live for free or reduced rent, and kickstart his investment career.

The risk substantially increased given that we are approaching the end of the US business cycle and most importantly when China began reducing foreign capital outflows of their citizens into assets, especially Real Estate really began to tighten in late 2018.

If it were me, I would ask for a credit at closing, versus reduced purchase price. 

The Renter stated she wanted to move because one of her neighbors was paying $50 less for his rent house and my house was over priced....I did not offer to reduce the price...PLUS I knew I could increase the rent $100 per month if she moved, so I readily accepted the 60-day notice.            

Like tech start-ups (the world I know), anyone can put together a nice presentation, but credibility is the key to reducing risk. 

Every dollar you go over budget, reduces your profit.

I spoke to a few termite inspectors and was told that properties should be fumigated once every 7-10 years, and up to 15 years if treated with material that remains and reduces termite infestation in the years after fumigation.

So in conclusion of this long stressful and Irritating situation that I have nobody to blame but myself, I  learned to ALWAYSget everything in writing before ever commencing any work or spending any money!

It depends on your goal, the numbers, your temperament for stress, time frame, day job, contacts in the area, ability to sustain loss if things go badly (and they will go badly at first anyway), expectations, available capital, etc. 

House hacking is an incredible way to get into buy and hold real estate investing with a relatively low financial barrier to entry… plus the added benefit of reducing housing costs!