One of the legal downstairs units is room-hacked, with 4 tenants living in the unit and separate rental agreements w/ the owner.  

Living room has an offwhite berber carpet that is in like new condition and looks very nice with the exception of 2 places where there are stains.

SO, if you buy a home at 60% of ARV you have  a LOT MORE WIGGLE ROOM if something goes sour.

Right now my wife really likes Kenwood, Coquina Key, and Grand Central district but i'm not sure if those are great investment areas. 

I just bought my first SFR which I am room hacking and still making a small amount of money while living for free and I am hoping to get a small multifamily by the end of the year! 

I live in Oklahoma and so far find most owners know what their properties are worth so there is no room to raise rents right away) but if I did have the money I would so join his Deals and Dollars Club for the cashflow properties his handful of students who could make his system work offer for sale. 

Just call around, the key is not to use Chase, Wells Fargo, banks that deal with Fan and Fred, because they set their guidelines and there isn't much wiggle room there.

Room additions made by the owner, some rooms were permitted and some werent, owner built an underground bomb shelter which was permitted, and basically the house was just pieced together like Legos.

After receiving Mary’s IRA investment from Equity Trust, Bob purchased the house for $100,000, put new carpet in the living room and planted flowers in the front yard.

I didn't even get a chance to take notes regarding specifics like 3 bedroom units or 2 bed room units...