I have someone who has a house they would like to sell but unfortunately they dont have the money to make the fixes needed to get premium for it.

My husband and I both have solid W2 incomes (both remote). 

Her income is 3x the monthly rent. 

They should provide a monthly/annual statement showing all income/expense details.

The only way to make housing less expensive is either increase everyone's income (not going to happen), build more housing or allow fewer people in the country (assuming populations are increasing-they are in Canada).I've increased rents, but I have 3 rentals in areas with caps on rent increases and all of them are far below market value because of rent caps and long term tenants. 

Scenario 2 is technically not house hacking, right?

Hey @Drew Sygit, I’m literally just turning my SFH into a house hack coliving rental.

My goal is to house hack my first home purchase.

So can I assume you are wishing to replace your $5k mo income with income from property(s) ?

.- Neighborhoods to Avoid: Are there any areas that I should steer clear of due to high crime rates, low property values, or other red flags?