Then pursue a refinance to pull out your renovation costs, or sell when the market allows a larger spread between costs and selling price.The key is finding the right markets and deals that make economic sense for your flipping model.

Then focus on #2.

All the value increases since then you will be taxed on.

Then went to $2100 last year, then over $3k this year with less coverage.

Hence the need for additional protection then just an LLC. 

If you can't get all of the information you need to screen properly, which should include positive past rental references, then it's a pass.

HELOC then you can use the equity for another deal but I would only use it if its for a flip or brrr or possibly if have a plan to pay the heloc off over short period of time.

However if could work then I am definitely looking for JV partners as soon as possible!

If all of the answers are acceptable only THEN will I set an appointment to view and then CONFIRM the veracity of their answers.

So long term, in my opinion, I always take higher quality location SFH over multifamily house hacking but if the latter is the most and easiest access point into REI then definitely roll the dice.