I know many of the town homes in the Heights in Houston were built with non-code pvc pipe in the attic which caused huge leaks that were 5k plus to fix.

Is the $10,000 specifically called Option Consideration?  

The best case scenerio would be to just partner with someone with more considerably more experience than me, but I'm finding those type of relationships are hard to come by.  

Note that if you take out people's personal residence, the real estate market available for REI drops considerably.

Is that the ARV, or do I need to take into consideration the repairs needed?

Is that the ARV, or do I need to take into consideration the repairs needed?

The house hacker will pay you the 100k (actually it should be higher...like 110k) in 2 years, pay the traditional 5% of his purchase price ($5500) for the option consideration...and lease the property from you for 800/month.3 - You end up getting 500 more from the Hacker/buyer than your are paying to your seller, so there is no payback period.  

The facts are simply presented for your consideration.

I have been an active investor/landlord  in Western Suburbs in Chicago with rental properties in A/B class neighborhoods like Glendale Heights, Wheaton, Glen Ellyn and Downers Grove.

If you can get conventional financing on an apartment than you will know you have a considerable higher chance of buying a property that is cash flowing.