Alternative you create a bump out in each room for the close, but careful with the location as it affects the layout and function of the room.

as one of many potential issues..An alternate option, if you can find something "habitable", you can probably qualify for a FHA first-time home buyer, or even conventional 5% down loan on a more expensive property with your parent as a cosigner.

I'm no pro but I did stay at a Holiday Inn Express recently so...There's plenty of free, low cost alternatives. 

does anyone know of a good or better alternative than rent-o-meter for working on finding rental prices for deals you analyse

Alternatively, you can search Craigslist for some local deals too; if you are able to pickup and deliver.

Call and ask them the best course of action.A good alternative would be working with a list broker to get a list such as Owners with Low Financial Stability Scores (FSS) These are people who's financial situation changed since they bought the property.

If the water is turned off for more than one day then you'll have to offer the tenants an alternate location to stay during that period.

The other alternative would be a single family home with an additional structure - I have seen folks finish a garage to convert to a rental on their primary residence.

To be honest this seems too good to be true, and would like your input to point out if there is anything I missed or didn’t account for, am totally naïve about, or alternate scenarios I should consider.

I have a plan for the next 4 years and Im hoping you can tell me if their is some problems, a better alternative, etc.