As a result of this my investment income covers my mortgage and my living expenses (well at least if I stop buying new toys).

@Nupur PatelI've been toying with the ownership structure for some time now.

@Darshil ParikhHello Darshil, As someone who specialised in new constructions (although 100% luxury apartments), hindsight, they are not the best investments because you’re pay top dollar for the shiniest, newest and flashiest toy at a premium.

Specifically, for the strategy I used, I did have to have quite a bit of money saved up ($90k) and that was from yrs of saving before, during and after the military.Before I even knew about house hacking and 4plexs and the VA home loan I was building my credit just because and just saving nearly my whole paycheck while I was living in the barracks, eating the food in the DFAC (Chow hall), no expensive toys and even after my contract ended I moved back home and lived with my dad for free and continued saving nearly my whole paycheck while I was working for AZ DOC as a Corrections Officer. basically, just keeping my expenses as low as possible and stacking cash away so I could take advantage of opportunities.So, it would behoove you to do the same and keep your expenses low, don't go into debt buying an expensive doodad like a $40k car, and a bunch of bad debt, and take advantage of one of the greatest loan products on the market!!

For example, I am seriously toying with two options, one is to apply last month's rent and security deposit as rent, but this is only to last two months. 

We've had expensive plantation blinds used as a chew toy, lawns ruined, doors replaced due to excessive scratching, and cat odor can get out of hand - some of these were found during routine inspections (and a few could have been prevented with more frequent inspections).We don't do pet deposits (deposit implies refundable) - we do nonrefundable pet fees and pet rent. 

Depending on how extreme this gets I have toyed with temporarily dropping the monthly rent. 

If you are hurting and are in financial trouble apply, but there are millions of business out there that need these funds and the idea that some might just want to take the funds cause its available could mean that the local restaurant misses out, or the local toy store fails cause they didn’t get the funds because they ran out, or the mom and pop hardware store has to lay off their employees for good.

As we now look for our possible next “forever home”, I am toying with the idea of buying a home in the near future using the BRRRR method and renting it out for a year or two. 

Go through closets, wardrobes, toys, garages, etc. and make piles of trash, donate, keep.