If not what would be a good avenue to go down, because I really want to get my foot in the door.

Getting engineered wood at $5.5 sq/foot with install to match downstairs. 

House hacking is a great way to get your foot in the door with REI but if that's your plan but don't expect to cashflow anywhere near 1k a month.

What's the typical range per square foot? 

I just purchased a small 6,000 square foot vacant corner lot in a amazing residential location for $1,500😎 .

There is a Series LLC, which you only need to form once and then can privately create "child" series - which function to separate liability like individual LLCs but can be accomplished from your computer at home.

Despite the average family size decreasing from 2.9 persons per household in 1973 to 2.5 persons today, kitchens have doubled in size in those 4 decades along with the average ceiling height in a home rising by more than a foot.

New electrical, plumbing, floors, kitchen, roof and paint on a 2,000 square foot home?

By adding you on title during his life, you could be subjecting yourself to larger capital gains later down the line than if you inherited the property.3) property tax issues - does your father have any parent-child exclusion left so that the property is not going to get reassessed partially as a result of this transfer? 

Details:Duplex 1650 Sq foot totalPurchase price: 100kRehab:                 10kClosing:                 2kRent Income:         1350Vacancy at 7%:       95Insurance:              70Maintenance:        120Mortgage:              746Cash Flow:             237Cash on Cash:       23.7%The plan is to pay cash, rehab, put the renters in and cash out refi.