With 4 properties in different location, you have 4 time more chance of RE appreciation.To maximize returns, leverage tax benefits like depreciation, mortgage interest deductions, or cost segregation while considering your ability to handle management demands and market fluctuations.

I believe subject to transactions, done CORRECTLY, between KNOWLEDGABLE participants, with FULL DISCLOSURE, are typically successful transactions that have benefits for both sides.  

I shifted from investing with a cash flow focus to the appreciation and tax benefits side of things.

Nothing is 100% passive but if you work with someone how has already built a team you can benefit from their experience. 

There are just numerous variables and calculations you must analyze to check. 

The benefit of a permit and inspections is to have an independent party verify work. 

I don’t think you’re getting $2k worth of benefit, much less $16k every single year. 

Without house hacking, your figures would look like this:$1850+1850 = $3700 - $1500 - $3200 = $-1000 net in your pocket (let's skip principal paydown and tax benefits for now).With house hacking, your figures would look like this:$1850+650+1500 = $4000 - $3200 = $800 net in your pocket. 

This change benefits consumers and aligns with more efficient real estate markets seen in other countries.

Alternatively, do the risks outweigh the benefits of $500+ cashflow plus 30% day one equity and less than 2k out of pocket?