I think of asset value appreciation as a bonus and not a means to an end, but the rental income would be my bread and butter and I would be reliant on it as a source of income (much like the current job).-  I do not have a mentor. 

For the last couple months, all I've see you doing is sitting out there in Oregon with B'class rentals all airily advocating for tenants from afar like butter couldn't melt in your mouth.

That's his bread and butter.

My bread and butter is in the $400-$450k range.

That's his peanut butter and jelly, his cookies and milk, his salt and pepper, his toast and butter. 

There bread and butter depends on them getting the highest price for the property they are an agent for whether they  represent the seller of the buyer still the higher the price they can get the higher their commission.

At the sale, IRRs can be well above 25% calculated annually even with a slightly negative COC during the hold.On leveraged bread and butter purchases, especially with multifamily, I shoot for a min 15% COC. 

That's been my bread and butter for a while now.

If regular bread and butter houses over $50k and getting conventional long-term residential mortgage, I'd borrow.If odd property or needs too many repairs to be able to obtain a loan, BRRRR. 

I have read about the Fannie Mae's renovation loan, but I think now I need to get a little deeper in the research on that subject, is it like a cash out refinance for i can at least get my bread and butter savings (money) back out and still have money to renovate.