Is renting a room off craigslist within the budget?

It has an old furnace in the dirt floor basement, the status going down are not up to code, and the doorways between rooms are to narrow to be code.

If we were to go further with finishing it, we would probably create perimeter walls and a better floor and maybe a bar and a nice rec room space.  

Hi, I'm seeking conference room space for an upcoming REI Meetup planned for Friday, 3/18 at 7PM in San Francisco.  

You could rent out your house, or rooms in your house.

I think you will find that a family is less than a grand a month, depending on circumstances.

What are rents, what are operating expenses, what is the cash flow, what is the occupancy, is there room to drive value through rent increases or reducing expenses?

It seems to me that this would be a good retail deal but there's not much room in here for a wholesale deal.  

Arlington and Grand Prairie is a good investor market.

Based off my house which is in the same HOA my rough estimates are:ARV is about $130kRent would be in the $1300-1350 rangetaxes and insurance run about $475maintenance would be about $130 (10%)cap ex $130 (10%, property is about 40 yrs old, most exterior work is covered under HOA) management $130 (10%, planning on the possibility to hand it over to a manager)vacancy $130HOA is about $175This totals costs to be about $1150-1200, which doesn't leave room for a mortgage.