That would eat up any profit for a while if someone was renting the unit out. 

My strategy is to rent out room by room, which can usually net more for the house in larger 4-6 room houses. i've been searching for my first house hack for 6 months now. i've had three properties under contract, which have all fallen through at some point or another. one was about 8 weeks. i've put in quite a few offers on houses, but usually lose to cash offers.my problem is, the houses need to qualify for the conventional lending standards, and almost nothing will qualify in my price range. i lost that 8 week contract because the siding was damaged. i had about $1000 in that deal, just to get a bad appraisal that the seller wouldn't budge on. the other problem is, at 8% financing, that pretty much eats up quite a bit of the cash flow, and i'm just trying to cover the PITI every month. so of the few deals i can make offers on according to the numbers, i've gotta always negotiate, and its just a weak offer that has led me to my 0/3 deal score. haha.all this to say, would it be better to try to BRRRR?

If you are going in financed on both ends, closing costs are going to eat a significant amount of money.

Also, property management, vacancy rates and maintenance (and several other things) will without question eat into that cashflow if you are able to achieve it somehow.

At the end of his life, tired, broke, and disillusioned, he sells the last thing he has--his small home with a little land--so he can have enough money to eat and finish up his few remaining weeks/months not in poverty...then learns a week later that the new owner found a treasure trove of the richest diamonds in the back yard of the property.Moral of the story: dig for diamonds in your own back yard. 

Also, the drug dealers next door had a pit bulldog that tried to eat through the fence and murder anyone that pulled into the driveway.

Whateves .. ill laugh all the way to the bank and use it to take my wife to the all you can eat shrimp at the red lobster .

They're "eating the steak", so they need to pay for it.If you heed my words, you will save yourself a lot of grief. 

You still got issues with maintenance of an older home eating in to your cash flow as in any older home (and cash flow might be your only benefit)look at the age of the 1) water heater2) AC3) appliancesGet an inspection to see regular rain penetrations, failing mechanical and plumbing, so many things , its worth the money.

Fortunately, this was one of properties i was able to pull off a BRRRR and was able to pull out more cash than i put in, but still, eating 3 months of expenses... this goes back to my argument about application fees.