In addition, I live with my parents so even househacking will still cost me over $400 a month, which is what I pay to stay with my parents. 

Take into consideration all closing cost, realtor fees, repairs etc.

I’ve used evolve in the past to manage my STR’s.

@Dan Creed, this is honestly in line with my general costs, but it will also depend on finish level.  

Hi Christopher,These calculations are pretty standard on 1-4 Unit properties..Income/(Mortgage+Taxes+Insurance+HOA) = DSCR RatioHowever on commercial properties some lender may take into account vacancy, upkeep and other costs.

Many investors are familiar with the concept of cost segregation studies and may have even had studies performed on their properties.

Do you pay closing costs to them? 

Money you can put in your own pocket if you know where to go with a deal.I can’t say if the cost for their training is better and more organized than reading free information available to you.

Now it should cost an arm and a leg, but I wouldn't necessarily go for Joe blow, "I'll do it for $200" either, or you'll be getting a call in about four months because all the refrigerant has run out your lines.Is it one outdoor unit and 2-3 heads?

Hi Jayson, In some cases it can be a great decision.Take a look at the cost of capital the HELOC or refinance is going to give you compared to what you are looking at now.Also look at the income generated/write offs/appreciation that a rental property is going to give you.If it is going to yield you positive results, I say go for it!