If you like (love) a strategy, and your market isn't conducive to it, change the market where you invest to a market where your "favorite" strategy does work.This strategy works so well in my market, it almost seems as if it was designed around my market.  

If you think you'll get over the 40k/year mark in profits, then filing the S-designation is worth it. 

The issue becomes centered around your specific market and the type of home it is and tenant it will attract.

I recognize that long term appreciation is unlikely with this type of property however the cash on cash returns seem strong (for my area) and given the fact that this acquisition will double my units and allow me to begin generating enough free cash flow to begin funding the acquisition of additional properties, it is attractive. 

I could lower the rent to attract a quality tenant that would still get me more money than had I used a manager. 

@Skip GilliamYou can absolutely leave your job within 2-3 years by investing in real estate (rental property) ... assuming you are able to find attractive buys in your area (I have absolutely no idea what your market looks like).

What strategy are you most attracted to?

They are designed for undercounter applications like in a kitchen.

And even if you did, it would only happen if they need to raise money, so it would be very difficult to pull off with the timing.So what remains are some of the second-tier sites, which haven't attracted venture funding for one reason or another, but hopefully have something unique or compelling that you feel makes them more worthy of an investment.

Hello,Hope all is well with everyone.What were some of your best renovation designs in 2015?