We have restricted cities in my market that are loosely enforced, but I would highly suggest not going into an investment "hoping to not be caught". 

For a 3-4 family home, it's more complicated—you're looking at commercial lending, which requires a large upfront investment, high holding costs, and greater risks.

Not to mention sky-high drama factor.

-You don't really know how high of a price you will net unless you go to the open market.

The profit was used to buy a higher quality SFH in the same area.

It’s a great tool to remember for your future scaling goals.

The other quotes I received were often unreasonably high compared to other properties in my portfolio—sometimes exceeding my current carrier’s increased rate for this property while offering less coverage.

Both strategies are great and have their pros and consOne of the biggest wealth building tools in real estate is the ability to purchase a property as a primary residence and put less then 20% down.

I got the Discover It Secured card in high school and used that to build up my credit. 

@Travis Boyd The quality of the neighborhood will affect the cap rate to be used.