So, this would be the BRRR method.

BTW I didn't know "Brrrr method" until recently I found Brandon has already theorized and exposed my secret

Thanks for the reply.Attract Partners:  What's the best method to accomplish that?

I want to use a method that will approximate what a bank's appraiser will use, but I don't know what technique such a person would employ.

I have not explored it much but I've heard there is criteria that even we, as landlord owners, would have to stick too when doing Lease-options. 

Then I'll continue to work on deals in this area, building my rental real estate empire (through the BRRR method once I learn more about it).After I've got my feet under me and feel good about spotting deals and setting up the right teams of contractors and property managers, I plan to go back to work in my field and continue to tuck deals away with my salary. 

I have also experimented with a $ per door method.

I admire your willingness to try for a bigger deal (i.e. more than four units) on the first one, but just keep asking questions and exploring every aspect of the deal as much as possible, to make sure it works for you, and that you've got a handle on things.

From the information gathered, you decide what method to use.

I'm interested in buy and hold real estate, specifically using the BRRRR method.