I'm using the BRRRR method, and median rent is about $850 for a 3b/1b.  

What method would you recommend for a new investor?

Anyways, just wanted to share my success with the  BRRR method, with the hopes that it would motivate new investors to get off the fence and jump it.  

for rentals, sole proprietorship is generally accepted as the preferred taxation method.

If you want to sell them and apply a commercial valuation method to the property, go for it, people try and do that with SFRs all the time.

Hi Melissa, The Auction i was in was Ending 24Hrs from My post Date, And there were Simply Too Many Houses & I Did not Have Them Narrowed Down Enough as the Auction of 6,800 Houses Closed .Although I Learned A lot throughout the  (Online Tax-Foreclosure ) Auction process, This Part/the " Legal Land Description + Matching it to a " plat Map" Really shook me and ate up Most all of my time Trying to figure this out ,As people/the County were "selling an Address" only to find out it was a Vacant piece of Land next to the home that they hadn't paid the taxes on.This was Frightening that i would purchase Something a Home only to find out it was Not a Home at All.ANYHOW , I WANTED TO GET BACK AND THANK YOU (though this seems alot of work for 1 home when looking at 100s-1000s to Analyse) Wish there were a More Accessable way for the public to match up these "Legal Land Descriptions" Rather then Feeling as if your "Bugging" an Agency for their info..Esp if for Several different properties.I will be Entering another Auction in a Week or so & (Although i will really need to narrow down my interests to use this method) I AGAIN AM GREATFUL FOR THE INFO & WANT TO THANK YOU SO MUCH, I LITERALLY COULD NOT FIND ANY, UP TO DATE,  LEGITIMATE RESOURCES,HOPEFULLY THIS WILL HELP NEXT TIME :)

Wish I used that method when I started

Did you tape over drains method work?

Many refer to this as the BRRRR method.

I would like to get into commercial RE, I just don't have the money right now, so I'd like to know if any of you have had success using other methods