There is a consistent theme in the responses you are getting and it is accurate in the broad sense; go with LVP. 

Therefore, rate per $100 of Building Value & # of units for GL is a much more accurate measurement for comparisons sake.Here is the current spectrum of rates for MilwaukeeGL - SFR & Duplex- $50-$125, 3-4 unit, $100-$200Property rates can be $0.10 - $1.00 per 100 when going from a brand new build Class A to a war zone 100 year old building with claims.An additional factor is the sq/ft of each Building. 

But in will encompass a broad scope of what the course intends and usually works out.  

My point is don't dismiss what an appraiser brings to the table in broad strokes.

(This is the same requirement is applies for the three property exclusion.)Seller financing--three property exclusionThis exclusion applies to persons as defined broadly under TILA to include not only natural persons but also a wide range of organizations as corporations, partnerships, proprietorships, estates, and trusts.

@Christos AnastasopoulosThe thing to remember about Cap rates is that they are determined by the market, not your property, at least in a broad sense (if your property imminently needs a new roof or major repairs, obviously people will pay less for it, increasing the cap rate, compared with a property with the same NOI that is newer and nicer).Just because you bought your property for $110,000 does NOT mean that it is currently valued at that price point.

Couple of cell phone pics later, out they went.You do reduce your potential tenant pool, especially on the lower economic end of the spectrum.

JK It seems it has been used rather broadly to talk about cutting down your personal expnces through realestate investing.  

Both are very broad statements.

My dilemma is, buy an old house (BRRRR) or buy a brand new home and rent it.I know, it will broadly depends on my goals.