Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Looking forward to hearing how everyone approaches these challenges and learning from your experiences.

After doing it for 7 months I realized that the problem wasn't my approach or the letter itself it was more the competition in my market.

Majority of our landlords don’t want the section 8 approach since it is so time consuming to get approved and get a tenant in however they tend to be the more long lasting tenants and then you never have to chase your money as long as you maintain the property 

Most likely that property will be higher than your 3% mortgage so you can either start to pay that new property off OR stack cash to find the next house.The best low-money down strategy for this approach is using the owner occupant financing every 1-2 years.  

It’s a solid approach, especially if you’re working with a smaller budget.

While this option is the most accurate land valuation approach and least likely to be challenged by the IRS, it is also the most costly and can require several weeks to complete the process.Limited-scope land appraisal: A limited-scope land appraisal can be completed by a real estate professional who provides an analysis of sales comparisons or other limited metrics.

Less risk if you use a data-driven approach, and a great way to get a feel for the numbers before you commit to owning.

My question is what is the suggested approach for renting a unit out of the home and living in the other?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.