It all depends on entry price and repairs.House-Hack Ideas SFR: One could rent out rooms, basements, turn non-functional rooms (ie dining) into additional rooms and rent to roommates per door (more common with student housing).

@Matthew Livesay As others have said, you better make sure all of those structures/units are permitted and comforting.  

We’re both comfortable with our position, but we want to position ourselves for growth in the future.

It is currently divided as a 2-BR/1-Bath and a 3-BR/2-Bath and each unit has a full dining room, living room, and kitchen.

That will help comfort the existent owner feel more of a comfort knowing that you will have a closing.  

There are 2 parts that need to be ordered and he informed me they will take 3 days to come in since they don't have any on hand (it's winter so they must be low on stock).I provided the tenant with space heaters and they said they temperature was comfortable.  

I hope that this settles down, and they can comfortably enjoy living in the home, but if it escalates, do I hold them to the whole year or offer them to buy out?  

I have been looking to partner up but I'm not sure how comfortable I feel unless its a experienced investor.

I'm also in this low income space, a B/C neighborhood where I feel comfortable during the day.  

If you werent comfortable​ you should have moved along without wasting additional​ time on pointless​ negotiating​.