My criteria here in Socal are different than when I had rentals in FL, but the point is the same.

This is where you can go down the rabbit hole of where to find these deals…different philosophies and what is even realistic ect…this is super market specific and a whole conversation of itself….however still very possible as this is how I started out.

Every market is different, and I won't speak to Cleveland specifically, but for my clients in Chicago, a house hacking strategy is often more about appreciation.

Reality is few markets have out performed San Diego in residential ROI and no one should be choosing a different market based on historical ROI.  

I had an Aquasona whole house filter and softener and it was awesome for about 6 months and then I had to rip it out and install something different.

However, the page numbers in the same book are different.

Your friend shows good sense and should maybe find a different advisor to help him find money.Knowledgeable private/hard money lenders understand that owner occupancy has virtually nothing to do with making a business-purpose loan.

It's not just an income map, it uses about 50 different data point (median household income just being one of them).

If they're only approved for a $1,000/mo voucher and the tenants wants to apply for your $1,350 unit, the tenant will be required to pay the difference themselves.

Just adjust your numbers on your offer to account for the difference.