We also impose slow and steady wins the race for these houses, and renovate a little each year to try and keep rent reasonable so they can afford it. 

Some friends of ours think that tenants will be unhappy about not being able to set the temperature to their liking.

I consider it a fairly balanced area where with the right deals you can get a little bit of cashflow plus some very steady moderate appreciation.Where do you live right now, and what is giving you interest in this area?

You could: • live in the main house as 2bd and rent out the master and additional family room• live in the main house as 3bd and rent out either the master or additional family room• live in the either the master bedroom or family room and rent out the main home• turn the family room and master bedroom into a 1 bedroom apartment to minimize occupancy (approx 2,000-2,200/mo)• convert the garage• test out STR (short term rental), while still producing steady rental income from other unit.

In the case of multifamily rental properties, the exit strategy is usually to stabilize the property by building a steady cash flow from tenants throughout the hold period and, once again, sell at a profit.

Social media, while again, occasionally useful, will also not bring you the steady stream of leads that you need. 

Some can provide steady leads and therefore more steady income if you follow their systems and models.   

Banks won't loan to you if you don't have steady income, usually for the past two years.

You will either need to show steady income that a creditor can lend against, or turn to other loan products, like DSCR loans. 

Slow ands steady wins the race.