@Demarcus Crump correct. 1% rule says a property should rent for at least 1% of its purchase price. so $100K home = $1K in rent2% test says a property's rent/price paid should equal at least 2% - (Hard to come by in my market)Keep in mind these are just evaluation criteria to quickly determine if a property may be right for you. 

You might have to compromise your needs and/or the value factor and that balance is something only you can determine but as long as you go into it clear-headed, it should make sense.  

It is a determination based on the reality of the relationship between the service provider and the taxpayer paying for the services.Not likely she'll be appropriately classified as an IC unless she sets her own hours, is free to perform the work without instruction, provides her own tools/supplies, and/or is otherwise involved in a cleaning trade or business for many clients outside of her parents, etc. 

If these are properties that you already own and you have good tenants in there and the cashflow where you want it to be then I wouldn't worry about the 1% rule.Also If you are talking large multifamily (5+ units) then most people will use local cap rates to determine value along with the expenses and income to determine the value.

-is there a way to hack a single family home by renting a portion out - what are good resources to find a property and determine whether it is a good deal or not

But if that didn't work out, I'd need to do more investigating with the local banks to determine their requirements.5. 

You can either partner up or look for pockets where housing is affordable.If you're still determined to invest out of state, the best solution is always to get educated first.I recommend reading this book. https://www.amazon.com/dp/0997584750/ref=cm_sw_r_cp_awdo_t1_ZMWAEb90431WVIt's specifically for long distance investing.

The valuation of the property is done a little different as Apartment buildings are valued much like commercial properties (in the 5+ unit range) where the value is determined by the income the building is (currently) producing. 

You can consult with an estate planning and/or bankruptcy attorney to determine whether you can structure your assets in a way that will further shield you from liability for business obligations.In corporate law, shareholders who mix personal assets with corporate assets can sometimes be held personally liable as the “alter ego” of the corporation.

I have some showings lined up and would like some advice on how to determine property value and repair costs.