An update is that the deal is NOT FHA compatible because of the high estimated rehab costs.I spoke to the 203k consultant on the phone, sent specs of the property and some rehab drawings -- at $55-$70 per square foot for the gut, the rehab will cost about $211k without even touching the exterior.

It would be construction on an ADU on a ~6k square foot lot. 

If you're wiling to suffer through, then you have those benefits at the end of the day, and at least you have your foot in the door of real estate. 

I hear people that say that about my market in Northern Colorado and the actual data does not necessarily suggest that to be true.For example, here's a chart showing the price per square foot of detached houses compared to the price for attached houses over 20 years.

One needs an exist strategy, if you have multiple loans and hoping tenants will foot most of them.

@Wayne Brooks  this is one of the better open mouth insert foot posts i have seen in a while.for some reason @Mindy Jensen  the mods are allowing many of the multi guys to make these posts that are really just trolling for investor buyers.. but maybe its just me.. you know how sensitive i can be..

It's not particularly hard with a pair of 3-foot gooseneck wrecking bars.

Double sink, soaking tub, 7 foot tall shower, double outlets on each side, and you're gold.   

I know of a lot of people getting Real Estate license, but not appraisal, and I am trying to get off on the right foot.

Understand from a far the demographics, neighborhoods, $ / square foot, etc.