I have concerns that I will be tying my hands a bit if I eventually want to sell / develop the two lots together or if I want to hold for a bit and draw lines of credit against the lots.Thanks,Juan Monge

When you go looking for house to buy for multi family rentals, what do you guys use or whats your guys method.

So there is that concern, I don’t know when homes in my area were required to be build with 3 wire common ground electrical, and then there’s the plumbing of course, I don’t know when iron was no longer allowed either.

I know EXACTLY the method you are referring to. 

So if you have an opportunity to receive funds now, and spend them on other income producing funds, then this is a superior method to paying down debt in order to receive funds 10 years from now. 

As individual taxpayers - we run on a cash-basis method of accounting.Waiving rent means that we never collected the rent. 

I would be concerned that they would not pay the rent on time.However, if they do not have a credit score then it likely means they are able to pay cash for their expenses and do not have any debts.

Good to see locals :) What methods/parts of town do you think you might be targeting? 

I'd like to lay out my plans/concerns and see if anyone has any feedback I ought to be considering.I'm 30 y/o, no debt and about $65,000 in savings (of which I'm comfortable putting about (55,000 into real estate at this point).  

The strategy sounds fine but will be a slower process (time) as well as more expense with your cash being tied up inside each property.I'm a fan of the  BRRRR method, where you use debt to create assets and then have the renter pay your debt off over time.