That's because any dwelling of 4 or fewer units is considered residential so when you apply for the mortgage you can take advantage of the FHA and other favorable programs along with owner-occupied interest, property tax savings and reduced insurance costs  to "hack" (beat the system in some creative way) the rental ownership starter problem.Either way, if you decide to use payments from renters in other units of your own dwelling, get a family member to spilt costs with you or just buy it outright, personal home ownership is the single most important investment you will ever make. 

We hear from investors that don't have a "team" in place and that's dangerous, when investing out of state.

Any experienced agent will tell you that getting your license gives you just enough knowledge to be really dangerous.

there are some great properties out there but they are fewer and farther between than they used to be.

Obviously I'd include some language saying something to the affect of "sales price may vary based upon square footage and condition of property" to ensure there is some leeway.I can see Pros to including it because everyone who called would know that I wanted a discount and wouldn't waste my time calling since they'd be ready for it, however I do know I'd likely receive fewer upfront calls and would not be able to negotiate people down on price.Any thoughts on this strategy or has anyone tried this?

Plus, you will have fewer profits overall. 

We learned that refi on investment property is more expensive than refi on primary residence, and you have fewer protections in place that primary residences qualify for, so definitely pay attention to the details, disclosures, and fees.     

Great Danes: While not normally regarded by the general public as a dangerous dog, this breed has been responsible for several deaths.

The danger with this strategy is sometimes the investor miscalculates the ARV and ends up only being able to payoff a fraction of the line, but thats okay too.

If Tenant A paid a portion and wants their portion back, they have to work that out amongst themselves.Moving tenants in and out is a dangerous game.