This crude method ignores all the other debt payments tenants have.

I.e. which method is easier to finalize, which one would cost less, which one is less risky in terms of clarifying title&liens, etc.Thanks. 

There are several different methods that could work in the area based on how much your budget is.

My favorite link for the proper order of investments is https://mymoneywizard.com/correct-order-investments/.Jump in.

Normally those who invest in these neighborhoods are hyper focused on completing the BRRRR method, cash flow or acquiring as many doors as possible.  

Have you used the Enemy Method to view comparison?

I got into the industry primarily to learn about real estate investments specifically long term rentals/ the BRRRR method so when it comes time for me to do my own deals I have the confidence and knowledge to do so.

I had a full time job and invested in real estate doing the BRRRR method.

We like the KISS method (keep it simple & for the stupid)

Consider exploring alternative financing methods such as bridge loans, seller financing, or specialized 1031 exchange loans, which are tailored to streamline the exchange process while ensuring IRS compliance.I remember when I first got started with house hacking, I made the mistake of not looking into all the nuances of 1031 exchanges.