Rehabbing and flipping seems that it would better suit my current position, but ultimately I would love to own/rent to produce steady streams of income.

I have a quad that is well suited for workforce housing tenants, no where near a major college/university, not in the urban core, and have been there for years.  

Home Designer suite from Chief Architecture.

Be very careful, depending on your state, it’s very hard to get clear title for tax defaulted properties, you usually need wait redemption period expires then suit quiet title for marketable title

The things that come to mind are;1) If you are buying a starter home would you consider giving the upstairs/main (better) suite to renters and increasing your cash flow?

It is our intention to keep adding rentals to our portfolio  for a while, as we are well-suited to owning and maintaining buildings, and we really enjoy the process of buying ugly properties and then transforming them into something that can bring us a really regular income from renting them.  

Originally posted by @Aaron Klatt:I think most lines of credit won't have an amortization schedule, because they are meant for frequent smaller purchases, I have no clue about the rate though.Yeah I'm assuming it's a short term product better suited for flips similar to a HELOC.I thought I saw in a thread here on BP that rates were in the mid 6's or 7's so that's why I'm curious.Would be a much cheaper alternative to HML and still provide a way to do multiple deals via leverage.

I'm going to be a bit of a contrarian to the above posters, but let me first qualify my post by stating that your market will determine what you should do.We frequently install en-suite laundry in our units - in fact, we have removed common coin-op laundry in most buildings of 6-units or less in favour of en-suite laundry - for the following reasons:electricity and, in most cases, hot water costs are transferred to the tenant;where water is sub-metered, water costs are transferred to the tenant;high-efficency residential laundry machines are about half the capital costs of commercial coin-operated machines;we can command $30 - $50/month in additional rent with en-suite laundry;by installing our own machines, we know they are installed property, with catch/drain pans and {going forward} leak detect shutoffs; andwith en-suite laundry vandalism of laundry machines has been non-existant ... and if a machine is damaged, we know who is responsible.We have a good rapport with a couple of local appliance suppliers and get called whenever they have "dinged and scratched" units to unload ... a small, cosmetic dent in the side of a washer - which will never be seen when it is installed in a laundry closet - can be worth a 40 - 50% discount.  

Almost 4 months and an appliance suite. 

The problem was that our Campanelli ranch had a couple of additions built on it, including a 700 sq ft 2nd floor master suite.