Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Most sponsors who have actually survived multiple real-estate cycles, say that simple staying power through inevitable downturns is the most important key to long-term success.

The BRRRR strategy is a powerful way to scale your portfolio, especially when you’re working with a limited budget and need to focus on cash flow.

The answer is both and neither, all depending on what you're trying to do and which tool is best to complete that job. 

I just did an analysis of 5 PM Software Tools for DIY Landlords under $20/mo.

Many people recognized their scam and left, but I feel like I should say something so that people who read this post doesn't end up in the same situation.What's ironic was although they stressed the importance of financial education in the beginning, they later pretty much told the audience "join the program, you'll have all the mentor, resource, and power team, and you can make money in real estate without really knowing anything and using other people's money".  

Build a solid team and evaluate deals carefully using tools like BiggerPockets calculators to ensure strong cash flow and returns.Good luck!

Under this idea, you'd need to see if the Health dept has any restrictions for your septic system (which i assume you have) and if the power company would meter the 2nd unit separately. 

LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

Take a look at the BiggerPockets Market Finder tool to start looking at different markets based on your goals - https://www.biggerpockets.com/markets2.