The beauty is, you can rinse and repeat, moving your equity up the ladder of properties, from a small duplex in Austin to a bigger aprtment complex in San Antonio, or even pivot into a promising commercial spot right here in the Phoenix area.I remember a friend of mine who started off nervous as heck about his first exchange.

I think you want both, cash flow and appreciation, that is the sweet spot.

Feel free to reach out though if it would be helpful to look for a sweet spot in those to see the tradeoff between prepayment penalties/terms!

While many gurus glorify the strategies they’re selling through courses or books, methods like BRRRR aren’t easy and can put you in a tough financial spot if you’re not careful.

@Jay Hinrichs great points here and I think you are spot on.

Therefore, you need to select the tenant segment first.

To piggyback on Henry's comments, he's spot on with #4.

.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

Renting by the room doesn't make sense for a lot of people but when you have 4 bedrooms and 4 parking spots it might. 

Like the emphasis on selecting efficient investments because of their economic prospects not because of their potential tax benefits.