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.  

I live in the western suburbs of Chicago and just beginning my journey on rental properties through the Brrrr approach.

Or they were randomly approached with an offer that was too good to refuse (an unsolicited offer is gold!!)

While this approach works in the early stages, there comes a time when consolidating all your properties' insurance into a single, scheduled program might be more beneficial.

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

This approach is seems so wrong and has discouraged me from expanding my portfolio in Philly.

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 

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.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!