Hello BrianIt seems you could easily go either way, if the property is cash flowing well in an appreciating market sector - rehab. 

My concern is if I were to do the BRRRR strategy, during the refinancing phase, would the bank appraiser also consider adding a bed room a higher value add than adding a bathroom in a residential RE sector, since SFRs will not be appraised based on NOI.

Investors have multiple accounts for asset protection, so most of the time investors on here propbably has 3-4 accounts in 2-5 different investment sectors. 

I am also trying to figure out if there are off market possibilities in that particular sector.

I'm basically trying to tap different economic sectors. 

No car.. don't bother.. unless you become a commercial agent that works in a certain sector with a large firm in a large urban area where you can manage walking or taking efficient public transit.. 

Now we have a bunch of PhD's who've never run a real business, or even worked in the private sector, managing our monetary policy.

I have told myself I have 3 years until I have to really look at getting into the working sector and want to avoid this as much as possible.

Apartments and mobile home parks share the same customer base, so the impact of a national recession is that it forces more people into a rental status, which benefits both sectors.

Lastly, a quick glance at some MHC investors and proponents:Warren Buffett is a significant investor in the MHC space, favoring the sector for its stable, predictable cash flow.