So a 500k house in a good STR area should be getting 60k to 70k in revenue.

I am very very new this is the first house I am ever buying.

That will leave you with limited funds to actually purchase the house.

No reason to get all bent out of shape :) (it was showing that I still owned those houses on my profile and I’m getting ready to buy my legitimate first property this year).

@Elizabeth Ross - make sure you are familiar with South Bend - houses for under 100k in South Bend can typically be in pretty rough neighborhoods, so be sure to do your due diligence. 

Same model house are selling for 10% more than what I bought for.

If that is the case then you may just need to be realistic about what it is worth - cash buyers are usually investors and there has to be enough upside for them to make money.Have you talked to your realtor about the feedback received from people that have seen the house?

I like the house hack for your daughter the most because you have a way for her to get going and live with her friends.

They rehabbed the house and sold it to me as an investor.

do you guys prefer to only invest in newer homes  i.e. built after a certain year to reduce the possibility of having to do a lot of reno on wiring, plumbing, etc. or does it just depend on seeing the house and determining the condition that its in?