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

Do you use a varied investment approach or just one type?

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.

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.  

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.

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.

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

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

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.

Overall, I have a system and take the long term approach/vision.