**PITI is $522 a month (2%interest rate)** Actually cosmetically ready for renters and appears fixed up.On the inspection report the plumbing failed and it mentioned shifting soil in the foundation report. 

To make money you need find the needle from the haystack deals and have contractors working for you at below market rates. 

we purchased the home at a 3% rate and have owned it for about 2 and a half years.

Yes you can use zillow/apartments.com/Craiglist, but the most success i have personally would be FB Market place.

For example, if you expect this property to be have a CAP rate of 10 after you repair and it comes time to sell, maybe run your numbers at 11-12 and still see if it would be worth it.

We have a local credit union at 1% origination and 7.25% rate, plenty of good locals at a point and prime plus one, and some good local private lenders. 

How did you get approved to buy this as a single-family if you need roommates, especially with these rates?

And non-onwer occupied rates are closer to 8%.

The last time I took it, it had a pass rate of only 12%, harder than the State Bar exam.

DSCR which has awful rates unless 25-30 down is an option.