My approach is to slow my decision making on big moves given the market timing.

What approach worked best for you?

What’s intriguing is that he’s doing this entirely with investor money, not using any of his own funds.I’m curious to learn more about this approach.

It’s a move that worked out exceptionally well, especially in a growing market like Phoenix.Here’s how you could approach it:Unlocking Equity:A HELOC is great for flexibility, while a cash-out refinance might be better if you’re aiming to make multiple acquisitions quickly.

Quote from @Michael Florkowski: I really like this approach.

The income based approach to valuation is only used for commercial properties, that’s 5 units and up for multifamily.  

Do your homework hereAre Raleigh's Suburbs Similar in How They Approach ADUs?

Yes it costs money for the coaching, but the typical investor would take decades of trial and error of other investing techniques and would probably never arrive a systematic way of approaching investing for cashflow as is created with the income snowball. 

I want this to become a rental property and would like to begin investing in real estate, I am not sure best approach.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.