The more uncomfortable you're willing to be house hacking the better the deal will be.A 5 bedroom home with 4 roommates can be very powerful.

@Thomas Rutkowski, You also state "...And because of the fact that it is done through a qualified intermediary, the depreciation recapture is deferred for the same reason that it is in a 1031 exchange.Readers should take note that the California Franchise Tax Board has issued negative guidance regarding using the Deferred Sales Trust, Monetized Installment Sale or other installment sales techniques to "save" a failed 1031 Exchange. 

They forecast 75% of the estimated rental income of the other units to your debt to income ratio.Roughly, for every 1,500 in rent you get from the other units on the property, it increases someone’s buying power 100K in loan amount. 

The mass valuation techniques used by assessors are not very reliable. 

There are many moving parts involved in a lease purchase or lease with option to buy, but can be a powerful tool to get your hands on some real estate! 

Where the electric is provided by the city they have additional power to lien the property owner, some places will not even send the bill to the tenants only the owner.  

Since we purchased it, we brought power back to the property currently set up as 2 RV hookups and additional outlets on a backer board (for a total of 200-amp service), had an RV pad and driveway put in, and had the developed year-round spring well brought back online - there will be a pump house built near the backer board this Spring (1st photo).

So, use your borrowing power.

It's a powerful strategy that allows you to build your real estate portfolio without using any of your own money.

People nowadays forget the power of a paper trail....a real paper trail, not apps/emails/texts and all that crap> If you ever end up in court (small claims etc) a Judge will love a real paper trail, they don't want to be waiting while you try and find something on your phone, y'know?