Don't be discouraged though, this is an incredible way to get going.

Hot Water: If owner pays consider upgrading to tankless or heat-pump models that are much more efficient.Get tenants off of house heat: Mini-splits are a great option for heating and cooling, especially if you're in an area where A/C is a competitive advantage.

Properties are going over asking, buyers waiving nearly all contingencies, it seems to be crazy hot right now. 

Have you reached out to Randy Jones of Incredible Tiny Homes?

It was truly a hot mess when we bought it, and definitely the largest project we have ever tackled.

And joes brother @Nicholas Aiola is a CPA who is also an investor and incredibly knowledgeable and helpful!

But not incredibly terrifying. 

They may not cashflow incredibly well now, but if you are househacking them, you would most likely eliminate your housing expenses. 

If you do, you most likely will end up in shackles and hand cuffs, especially if you are dealing with non-accredited investors as right off the bat stating you have not bought a note will get you in a lot of hot water. 1.

Usually not normal unless you are in a hot market with tons of offers.