If anyone could give me some tips on what to look for in multi-family homes for house hacking and how to run the numbers properly that would be greatly appreciated!

Greetings, I'm working on an off-market vacant land wholesale opportunity and have a couple of questions about how to properly determine the end price I should assign this for.

Unsolicited advice, but consider the tax implications with this.You may be able to take capital gains tax free from your personal residence.If you rent it out for certain period of time that benefit goes away.Consider taking the capital gains to buy separate rental property.Either way, definitely use a PM or Realtor if it's your first rental to get the proper background checks, paperwork, and highest quality tenant.

I am looking to have some plumbing work done on a 6 flat in Pilsen ( the drainage in the crawl isn’t functioning properly).

@Daryl KingYou want to speak with a tax advisor to get proper tax advise.You may get a back-dated appraisal if the property was already distributed to you.

If that was flagged as a violation, then it probably isn't located in the proper place close to the ceiling?  

Than look at maintenance and cap-x, ask if your properly allocated and collateralized in contingency funds held for that aspect.

They may not even have the proper insurance as most insurance doesn’t cover properties vacant more than 60-90 days.

@Amir Mihub wholesaling is definetly not illegal if you do it properly.

As with any rental, I would recommend properly screening your tenants.