I am not 100% sure on this though so I would definitely advise talking to a professional.Lastly, based on your portfolio and your questions, it sounds like you are a high learner but haven't been making that great of returns in your portfolio.

@Saravanan VaradanYou are probably talking about DIY software-based cost seg.

You would be at the whim of a large block of units with a single owner.We looked at a place similar to what you are talking about in North Idaho.

There aren’t many awful neighborhoods, but if you hear anyone talking big cashflow it’s usually a D/c- type neighborhood, though there are still a few places with decent opportunities.  

In my experience, short term rental managers charge the most, followed by room by room, followed by longer term management.There may be an opportunity for you to do this yourself if you plan to continue living in the home.

Your investment will grow with the market, which based on our geography will continue to be increasing for a bit since we are so limited on supply.

To get a good rental income, be sure to check who you rent to very well, write a clear rental contract, take a security deposit, make a smooth way to get rent, keep the house in good shape, think about getting landlord insurance, keep talking to your renters, and follow local rules strictly.

I am trying to continue acquiring properties using this method and also learning about other methods as well, but I wanted to come in here to seek some advice from professionals that I'm willing to learn from as I am barely starting my real estate journey.

Chris, this is one of the VERY few times we disagree - my experience has been that commercial property investment can be more profitable than residential on a continuing basis.  

You can talk to any restoration company in the US, and we've all been using Xactimate to estimate jobs for at least the past 25 years that I know of.