Is this too high or this is current normal rate?

House hacking was a great stepping stone to buying a single family and couldn't recommend in more highly. 

Prices are high, rent is low, and there is a fair amount of competition.

It will probably be cheaper for your area since I live in a high cost of living place. 

This can yield returns in the high teens or around 10-12 percent ([Raising Capital and Finding Private Money Lenders](;t=2303s)).2.

I am interested in learning a high level view of what these look like from an org structure standpoint, as I understand the gist of the business strategy in general.

You are only doing books on one or two cheap properties that are highly leveraged. 

Usually, with a low LTV you may get prime less a point and a high LTV maybe closer to prime plus one it always depends. 

Your friend doesn't have the knowledge or skills, so I highly recommend he hire an attorney.Since the tenants claim they never received notice, that means they never received the offer of free rent for December and January!

That is where my husband and I got started AND we "house hacked" which is your strategy :) highly recommend - it's served us well.