It works great for repeated 1031 exchanges.  

This should not affect your decision to purchase the property.

Buy it owner occupied, fix it, rent it and repeat. 

I'm gonna throw a few books in there as well:- How to Invest in Real Estate, Josh Dorkin and Brandon Turner- Be Obsessed or Be Average, Grant Cardone- The Book on Investing in Real Estate with No and Low Money Down, Brandon Turner- Buy, Rehab, Rent, Refinance, Repeat - David Greene- Trump: The Art of the Deal - take a guess :)- The 10X Rule, Grant Cardone- Set for Life, Scott Trench

Of course, price and taxes affect this but I would compare that vs a 2-bed, 3-bed, and 4-bed. 

This is roughly: Phase 1 includes education on house hacking and small multifamily investing, creating a basic network, and saving any extra cash.Phase 2 is my initial searching and closes with a contract, estimates for renovations and completion and revaluation of the property.Phase 3 is the actual year of living at the property while saving cash flow up to then later pick up a second property.Phase 4 is freeing up the original multifamily for full renting, and securing a second property to repeat the process and gain capitalPhase 5 is securing a mid-size multifamily complex either with capital on selling one of the two first properties or with saved up equity. 

Rehab...Hold...Rent....REPEAT...GET RICH!

How it will affect you...it depends.  

You'll do better than inflation over really any period of time with well-managed and diversified investments made in static acquisitions, but you won't make real money unless you have the skill and capital to pull off 1a or 1b.I for one have been very reluctant to learn about blockchain and the market luckily I have seen how it simply affected the stock market, take BTCS for example.

The percentage of jobs affected by the base was over 70%.