In general, my problem right now is that for a MFR, I'd need to get creative with how I'd fund a purchase and rehab - I know there's a lot of chatter/blogs/guides on BP to guide that.  

It is usually advised to stay within 90% if the list price to be reasonable, unless there some valid reason to offer less and provide substantiation.From my experience, all real estate deals are guided by the personalities, attitudes and emotional attachments to the property.

Welcome to Biggerpockets @Zanifor Harris Check out this guide on how to get started with real estate investing https://www.biggerpockets.com/real-estate-investing

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

It would then give me a "flood determination guide" that would be used on the NFIP website to determine your rating and cost.  

Definition that I snagged from Google is below.Honestly, hire an architect to guide you.

As for now I will continue to work my way through the guide, interact more and make connections.Thanks for taking the time to read my introduction post! 

Make sure to read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Welcome to BP @Sheila Reyes I believe you are referring to house hacking , you can see a guide on it here https://www.biggerpockets.com/renewsblog/2013/11/02/hack-housing-get-paid-live-free/

I suggest seeking legal counsel so they fully understand what you are trying to do so that they can guide you for the most kosher way to achieve your goal.