I've been helping folks navigate this market for the past 20 years, and I can tell you, combining a personal residence with rental income is a game changer.Just last year, my friend Dom helped a new investor find a charming duplex in East Austin.

This property in Nashville stood out as a prime investment opportunity, combining a great location and renovation potential.

We essentially created a duplex (for all intensive purposes) in a market where plexes are quite rare and usually don't make sense numbers wise.

Or maybe you want to do a combination of the above? 

Then you have to understand MOTIVATED seller leads generation.Once you do, you will soon realize that it is not possible to target motivated sellers.Anything based on a list is not even random, it is worse than random.Fact 1:I rank #1 on Google for my market and thus I get a ton of organic actually and truly motivated seller leads.I rarely get foreclosures, absentee owners, probates, tax liens, divorces etc.

Since flipping income is considered active income, it combines with your W2 earnings and can push you into a higher tax bracket, so it's important to set aside funds for both the increase in income tax and self-employment taxes. 

You'll get mom and pops that still think it's 4% or 5% regardless of deal size, but that's a lot more rare these days.

This is rare but may occur with notes originated with private parties.  2 - the lender gives his blessing to the assumption of the note.  

Same as @John Underwood @Madheshwaran R..Usually it is to check if they are interested in bookings that I couldn't meet due to either no availability or the rare occasion when and AirBNB and VRBO booking for the same dates at the same time.

Multiple offers are now the rare exception, not the norm.