Also, be sure to go back and account for all improvements you made to the condo which will increase your cost basis. 

The houses needed ~$100,000 in improvements to bring the rents up.A local commercial bank was willing to lend 85% loan-to-cost (LTC) of the purchase and rehab which equated to $442,000 at 4.25% interest.

Utah is probably catching up on low inventory and high demand like other big cities

I've definitely settled on the house hacking strategy, and with the lack of multifamily inventory it looks like it will be a co-living situation.

After a tax certificate sale in Alabama, the investor is entitled to possession and in some circumstances can make improvements to the property.

After a tax certificate sale in Alabama, the investor is entitled to possession and in some circumstances can make improvements to the property.

This would include architectural fees, new equipment, cost of protecting or defending your title to the property, or building improvements.

While already investing in real estate my goal here is to improve my processes, make more money and build wealth for my family.

Look for the properties that have been flipped/upgraded and match up your subject property with similar inventory.

Where I live in Los Angeles it is very common for a tenant to offer up-front money because the rental market is extremely competitive and good inventory is scarce.