@Stephen Kuntz I was being slightly tongue-in-cheek, however for me I want the cash flow to continue for as long as possible, I really would prefer if they never cashed me out.And yes I understand what you're saying.

One option is to start all cash and then bring leverage to bear later, either when purchasing additional properties or by cashing out some of the equity in the all cash property to facilitate the purchase of additional property.So, continue to do your homework on Roofstock or other turnkey providers. 

Property(s): Two separate 1 bed, 1 bath cottage style houses on four shared lots in a desirable neighborhood for rentals.

Property(s): Two separate 1 bed, 1 bath cottage style houses on four shared lots in a desirable neighborhood for rentals.

I will continue to try, however and opportunity has presented itself in Evansville IN.  

We are actually seeing some of this in SF where rents are being capped by continued condo supply and appreciation has slowed down vis a vis SFH.

@Yuriy Skripnichenko and @Lana Lee Do either of you know anyone who has rented out rooms in their primary residence (i.e. a roommate) while they continue to live there? 

It would almost certainly (in my opinion) be considered "normal wear and tear" if you've lived in the house for 5 years, at the end of that long period of time the carpet would certainly need to be replaced and it wouldn't be your responsibility to do so as a tenant.And to continue his analogy, Bank of America would not expect you to replace the carpet in a house that they foreclosed on or otherwise took back.

When I did my own research and checked the towns GIS it shows the style of the house as Two-Family, and land use as Two-Family.

Will prices continue to surge?