And both values must be calculated using software so it isn't any harder to determine their values (besides deciding your safe rate and reinvestment rate).I appreciate the importance of IRR as a form of training wheels since the concept is already difficult to grasp; someone learning shouldn't try to jump straight to understanding MIRR.

I am a newbie in all sense but if I can focus on trying to grasp this concept, I may have a chance at a real possibility like this sooner rather than later.Thank you all in advance who reply.Much respect,Dan Nieves

Once you feel you have a good grasp on whatever strategy you decide to utilize to invest, then dive in.

Also the most difficult for hobby landlords to grasp and master.

A lot of investors overlook the deals/opportunities that are already easily within grasp of their existing portfolio.Your analysis seems apt to me, obviously the 'your time' is hard to quantify - I'm not sure that the jump from 2 to 3 bedroom would enable getting less needy tenants - at least with what we're doing - I think this would actually typically be the reverse if I had to generalize. 

Sounds like you have a solid grasp on what your goals are & the plan to hit them.If I can offer some additional insight it would be that It's not really that complicated to buy out of state.

I would also try to network with local real estate agents and single family property management firms to get a good grasp on the local investor community.

In real estate, the process concepts are simple, and easy to grasp.

Was hoping to discreetly secure an understanding of the process in its entirety before jumping in without a grasp of the local market run of things.

Etc.I think your best bet is to get a grasp on exactly what this property is costing you so you can decide how to best move forward.