In a pure cash flow market I always look for close to 1.5% rent.

An account manager who does construction loans/203k who doesn't know about construction is truly a pain, it's the same in our trade, we pickup clients that don't know how processes is a pure pain.

No algorithm can take into consideration all the nuances of a house and the appeal of the location of said house - a purely emotional factor.

If I left my current living situation, my house would just become a pure rental and I would move into one of my new units (assuming I purchased a multi-family).

The CP1 pre-approval is pure nonsense,  if I were you  I would go to a small bank and outline my plan to get a "real" pre-approval before I start shopping for properties. 

Just pure networking. 

Who do you think has a bigger advantage in this scenario:1) a pure wholesaler that can sell homes that need a lot of work done2) a real estate agent that can sell homes that are in great condition ready for retail customers3) someone who is an agent and is wholesaling, and can offer the best solution to the customer that wants to sell their house regardless of condition?

I could buy a purely income property that will give me a better foundation for the future, and live in a mediocre rental (or my dad's spare bedroom, but no thanks).

Initial acquisition was done purely with cash that I received via private investment.  

Or was this a pure investment from the start?