I get the benefits of the BRRRR method and creating equity, but using fha to buy your first investment is about as good as it gets).

This is the most commonly used method to increase a investors perceived cash flow.Investors inflate their cash flow numbers by using yesterdays repair costs (often the case with new properties) which as we all know is purely rear view thinking.

On the financial side, this method allows you to have all the regular financing options you get when purchasing a property in your own name - since that is how you are conducting the transaction.

This is exactly one of the house hacking methods that works well.

I have been using the copy and paste method as well.

Check out https://www.biggerpockets.com/renewsblog/work-with-lenders-brrrr-method/

This method of doing things definitely required more of our time & sweat equity, but we were able to perform what amounted to nearly a gut rehab with high-end finishes for $60 / sf.We finished the renovation and immediately staged / furnished both units. 

This is the preferred method to insure minimum disputes after move out and law suites over thousands of dollars in tenant damage.

I’ve posted about this many times - I prefer the too-big house method where I buy in a high-job-density area a 4-6 bedroom house with 2-3 bathrooms and I rent out spare rooms to professionals (1 person per room).

I am looking to use the BRRRR methods with this so I am not looking for that high of an ROI.