You only need to put 15% down on each so between $30K to $40K and save the rest of your cash for renovations.

Your property will not cash flow.

The reason I ask is it seems like everyone wants to be a rei until it is time for cash to leave their hands.

I do not have any real estate investing experience.Interested in Cash flow properties. 

Factor in the cost of property insurance and taxes, as these expenses can impact your cash flow.

How about electricity?

I actively reduce my income from my RE investments (others seek cash flow, I increase leverage to create cash and reduce cash flow with mindset that leverage will maximize ROI).  

Great fixer up opportunity or to start generating cash flow as it is currently vacant. 

Maximizing Cash Flow: Share the creative ways you've been able to increase income from your house hacked property.Long-term Benefits: Beyond the immediate financial perks, what long-term gains are you seeing with house hacking?

@George RobinsonA good friend of mine wrote a book called Creative Cash, which focuses on creative financing, among other important topics in real estate, like market cycles, negotiation.DM me if you want me to send you a pdfGino