It would be very expensive if you take over the property and more than 2 units are vacant or non preforming Even after adjusting your vacancy and adding it $3k per unit, I bet you will still have a good deal.

The other side hustles you mention are great additional streams of income... if you are passionate about them.

In those cases, my wife just listed their house on the MLS, but i bet we could have made a case for a sandwich lease to those who didn't need their payout right away. 

The kicker is that this person living there then makes you spend additional money to go through the legal process to get them out of the house that you are using to subsidize your living.Hope this helps and let me know if you have more questions.Geoff

This all about what grade are you willing to bet on ,B ,C homes?

Then imposing a nominal annual registration fee and an additional tax on short-term rental income.

=PHaha nah, best bet is to work with a local Realtor.

I have two options in front of me either to obtain a rehab loan, which will cost me $10k for six months ( points, fees, interest) or just finance the entire deal with my own money (cash).The rehab loan will enable me to obtain an additional property, so in six months i'll have two properties ( one with the loan, another with my cash)  but it'll cost me an extra $10k (on top of the regular down-payment which in any case i'll have to lay out) .

To make it easy, I add additional 1% for PM fees.Long story "long", I use 11% for PM fees :)

I think the above would still be your best bet minus the house hacking - IE: find a place that is best set up to produce income, but also has substantial opportunity for improvement.Just my 2 cents.