It would take a while to get to the point where it is going to generate 3k per month, but it is possible.If you are pre retirement age, then you wouldn't want to invest with the intention of using the earnings to fund current living expenses.There are many avenues and it may take a combination of different ones to reach your goals.You could also consider partnering with one or more other people so that you are not coming up with all of your own money to fund your deals.Good luck on your journey!  

(knocking out a wall and combining 2 bedrooms).

This combination of professional can help find you properties and give you great insight on how much the apartments will rent for and if the location is in a good.

Obviously each person is unique.

It's a combination of machine learning, crazy algorithms, and big data, to create a one-of-a-kind appraisal and credit report.

I currently own a primary home and a secondary that is a combination secondary home and rental in a Florida condotel complex.

It is a unique form of administrative foreclosure and has great value if you work it correctly. 

Your just not familiar so it seems strange or unique or disgusting to you but you now you know .. its routine and to be expected if you want personal banking relationships and not do business with a computer..

Combining the equity with a loan will maximize your buying power and your ROI.  

@Daniel OKeefe Based on the responses in this discussion, it looks like an appraiser would use a combination of appraisal approaches to determine the value.