Purchase price: $500,000 Cash invested: $100,000 Buy and hold multi-family property initially house-hacked prior to purchasing the single family in the burbs.

Then you get stats on all these things showing a unit was "on" all the time and can compare to temperatures in and out of apartment.

Do one task at a time in each app so you can compare apples to apples.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.

Or refinance for spending cash when it come time to retire.The advantage you have living locally is that you can buy a new primary residence every few years and keep the prior home for a rental.Good luck.

I agree with @Patrick Franta and @Mike Neubauer that  a 1 bedroom will give you a better ROI though because you can still find relatively decent deals on 1 BRs compared to 2 Brs. 

If Yes, send your best 3 offers to the appraiser prior to their arrival.For a reconsideration of value (ROV), I suggest the following:Please review the appraisal for any clerical errors regarding the subject property and comparable sales.

I guess another way of the asking the question is can you use a cost segregation study that was conducted prior to the property being used as a rental?

This way you will be able to compare contractors' estimates, which can vary widely.

I've got great credit and a healthy amount of capital compared the loan amount.

I fully support doing everything you can as a landlord to be in compliance of local zoning and ordinances, so I want to use your thread as a chance to let newer investors know a really important lesson: you can call the local municipality prior to owning a property.