I can make the numbers on a good property turn bad for a year or more due to the loss of rents, if they can't be recovered. 

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

I would like to purchase a three or four Plex and live in one of the units.I understand I can use an FHA loan or conventional loan with only 3 to 5% down in order to get into the property however I live in a very expensive area and the properties I am looking at are currently 700+. 

Here is what I have done to increase the revenue per month by average $1,741 versus the comp set properties of the STR owners I consult with.

Know your market cap rate and you can quickly determine whether property is worth a closer look. 

At least ones that will walk the property with you and give you an fair estimate. 

The LLC sells the subject property and buys, for example, 3 replacement properties in a 1031 exchange. 

Are you looking to acquire more S8 properties?

I wholesale some properties, and others make sense to take down as rentals.

Run a test at the property for radon levels once the fan is in working order.