If it's half that, it may be a bit of a gem.so questions:1) would you avoid it due to the clientele?

I asked him what he estimated rehab costs and his number was half of mine.  

The low cash flow while you are at the 15 year amortization, vs higher when you refinance.If you goal is to pay down the debt, and refi in 5 or 10 years, then you should suck it do for the first 5-10 years, as long as you can cover you mortgage, then, when you have a smaller mortgage to refinance/:at 15 years Amort after 10 years of payment you have less than half the balanceat 25 year Amort, after 10 years of payment you have 75% of balanceIf you take a look how each mortgage ends, and what you will do at that point, you will have your answer.

As an example, I am currently helping about a half dozen other investors purchase a multifamily property right now, and despite the fact that they all live in Whatcom County, they are all looking for something a little different.  

I live in Irvine half of the month, and spend time in Oklahoma working on deals out there. 

Simply put "house hacking" is treating part of your primary residence as investment property by charging rent to people who pay you for a space on a couch, a room down the hall, a basement, an apartment over a garage, or half of a duplex etc etc.  

Roxana, I live in Irvine, California half of the month and invest in Tulsa, Oklahoma.

Only in Joint tenancy is there the right of survivorship.In community property each spouse has the right to dispose of his or her half of the community property by will to whomever he or she wishes.

Ignoring principle and interest my net income was 48% of this number.This means taxes, insurance, maintenance and vacancies cost almost half the rent.  

Remember a half acre of grass may be neat for a single family or someone's dream home, but is just more to maintain in a rental.