If they are good income earners with good credit, they are more likely to pay to protect their credit score.

That can happen for a few reasons: you can rent out the room you were living in for more rental income and can rehab some things while you live in it.

The tenants pay on time and are family members so they’re in there for a long time however, I don’t think they take good care of the home and fear that $hit is going to hit the fan and is going to cost me a year or two worth of all that net income and headaches.

Understood but you may want to consider the income you are missing out without rehabbing the apartments.

No one enters any of these fields to make an average income . 

For the purpose of just understanding the napkin math I provided above it would be the following assuming an IR of 7% and the RF of 1.458%:PP X (IR+RF)= Int and Principal PMT1.69M x (8.458%)= $142,940DSCR= 1.25 (To Ensure your Debt is Serviced by Your Income)$142.940 x 1.25 = Min NOI of $175,675Now I am not saying this is not a good deal, but if you were planning on ONLY borrowing at market rates from the bank, it would clearly not work so thats what the quick math would tell you.

Projected rental income is around $2,850-$2,950, with current PITI at $2,277.

I've got lots of rental data and info on income properties in the area.

Many times in my journey I've hit a "cash crunch" where, despite a high savings rate and income, I've run out of money to finish a project.

I am looking for a place to house hack and looking for income properties!