I owe 68k,  I upgraded the place myself new kitchen new baths floors paint ect.  

Each unit has there own ground level garage, with a small 5' x 8' heated mud/utility room in the back of each garage, and "L" shaped stairs leading up to the main floor that has the kitchen, living, dining. 

Not sure there are any concrete rules for house hacking!

I do these all of the time- if this is a rental, middle class sort of area; paint the cabinets, new hardware, new lighting, new appliances, resurface the counters and new flooring and all of the sudden it will look like a million bucks. 

The kitchen sink had been leaking for so long that the entire kitchen floor was rotted out and I could see into the basement.

It is a 2 bedroom on bottom floor and 1 bedroom on top (with ability to make into 2 bedroom by finishing attic). 

Could be in the flooring.

Replaced all the flooring, Doubled the size of the master bathroom and relocated the master closet.

I believe syndication can be a great way to get in on a new build, say for instance a mixed use property with first floor commercial space.

I'm game...A snip-it from a post I did on this thread about investing in Wisconsin: Milwaukee is sitting on some of the most affordable housing in the country, is adjacent to one of the largest freshwater lakes in the world, has entertainment & food that rivals every major metro, it's sports teams bat way above average for a small market which attracts hundreds of thousands if not millions of people here annually, economic development has been happening at a level unprecedented since the '50s (we are breaking ground on the world's largest mass timber building in June), has a tech ecosystem on the ground floor of attracting major talents with partners from the fortune 500 companies in town...