House Hacking: What is considered a decent Cash Flow?
I am new to BiggerPockets and real estate. I live near Detroit, MI. I am planning on house hacking a 2 bed/2 bath condo by renting out both the bedrooms as seperate units and sleeping on the couch. If that gets too inconvenient, I might sleep in my car or at another property my family owns which is 20 min away. I told my family about this plan and they asked if it's worth it to go through this for year or two just for a $200 cashflow?
Since I know many people in this community who are familiar with house hacking, I decided that maybe you guys can guide me. Can someone tell me what is considered a decent cash flow on the very first house hack or rentals? And possibly any insights on how I can increase my cashflow?