The idea is that the rents on the other units cover the cost of the whole property.The way this would work is that you need an apartment with three or four bedrooms.  

This post: https://www.biggerpockets.com/forums/32/topics/1148626-neigh... has very similar info to what you're looking for.

@Perry Farella Perry, I had no idea that you could include rehab costs within a conventional loan.

This gives you an idea of the rent amount and general demand.Comparable rents: Analyze rental listings in your area for similar properties (size, location, amenities).

@Michael Baum -  That's not a bad idea. 

My name is Armando and I just moved to the Lehigh Valley to start working on some contractor projects for an investor client of mine and I am looking to add a couple more clients to my list.My backgroundI went to Northeastern in Boston for college studying computers and management but I always loved the idea of real estate, so decided to work for my dad's company doing renovations.

However, I will be curious to hear if any of you believe that’s a better idea than the below strategy.I say all of the above to say this.

Short answer: noI haven't looked at your other posts, and I don't know anything about you, but this does not seem like a good idea

There are two different topics / questions1) Can I deduct real estate education if I am involved in a real estate rental trade or business.2) If you can deduct it, is there a passive limitation involved.

They may contribute other ideas.