Little different than cash flow and tougher to find.

In a house hacking situation, the ratio of rental-to-personal use is easy to calculate (since you wouldn't be sharing a bedroom) however in your situation it's tougher.

Account Closed  and all the land guru's you see on BP buy this stuff at tax sale then do exactly what your talking about.. it just now they charge a bunch of money to teach you how to buy mainly unbuildable landin CA there are probably 1 million parcels like this from one end of the state to the other.watch the Movie Glen Garry Glen Ross.. this was the 50's land game in FLA and very very trueMy dad got started in RE in the early 60s selling land in CA for Boise Cascade.although Boise put in streets and utls and many times a lake golf course and with Pine Mountain lake an airport.the issue was the state and county and the time would let them create 5,000 lots but a water system that would only service 500... and same with sewer.. so as environmental laws got tougher.

The tougher part is knowing if it's in a good area when buying out of town.I hope this helps, if you have any other specific questions or ones about Metro Detroit and it's suburbs feel free to ask, I buy all over in that area and I'm sure I could help you avoid stepping in some of the same piles that I have.

Renting during the holidays can be a little tougher, but a realtor won't change that.

I always run a new circuit when I install an above-range microwave, and most electricians I know would recommend it.As for whether the microwave is needed, that's a tougher question. 

Purchase price: anything low enough can be flipped but in today's market which is a sellers market in my area, it's getting tougher to find really good flip properties.

With the SFH you have to compete against buyers that are wanting to owner occupy which makes it tougher to find the margins.  

Personally I love San Marcos, can't give you a specific zip but Texas State is growing in student population and quality and Multis there could have potential, tougher to be super involved and get that awesome cashflow though.  

HELOCs are a lot tougher.