Do the numbers, and this builder did much much better than picking up the old SFH at $450K to do a rehab.And how did my property in Bayside went up so fast in value?

I'd be surprised if there weren't a "grandfather clause" allowing you to change your occupancy rules without evicting the existing tenant.

Preserve CapitalAs we move from 1 to 2 and 2 to 3 does it make sense that our strategies would change?

@Jane Dang I believe the property taxes change from year to year. 

@Oleg Shalumov, that's me typing too fast ;) Certificate of Formation is correct.

He went to get his spare keys at the house and when attempting to enter the home, all the locks had been changed and someone had moved into the home, furnished it, and turned on utilities in their name.

You can get exception if the property was recently acquired although this rule is going to change pretty soon. 

Typically people mail every 3-4 weeks to give the sellers some time for their situations to change.

When I Joined my local REIA about six or seven years ago, it changed my investing life.

Once you do this enough and you know what money you have available for a down etc. you can do this pretty damn fast.