Hi All,I am currently looking to buy my first investment property, and I believe the owner occupancy method of acquiring rentals to be one of the most feasible methods.

The problem comes in when you change jobs and one employer calls it a bonus and the other calls it a commission.  

Calculate the loan payment and you profit or cash on cash.Do any of you guys use this method?

This means that we have exhausted all traditional methods of softening a blow of recession.  

The factory is on the west side and there is plenty of employment opportunity on that side of the city.

I personally would apply both these methods on a non-HOA property over a condo.If you do decide to go the condo route, though, then I'd say consider it more of a live in flip than a long-term buy and hold.

I am self employed and looking to invest in rental property In El Paso, Texas.

Being self employed I'm not actively searching for another deal, but I'm keeping some dry powder just incase. 

Say I did this method 5 times and successfully have 5 properties with 200k + my initial capital (110k), what happens from here? 

I'm willing to guess that the bulk of your fee was not so much in tax prep (although it could have been), but was mostly "cleaning up my books".Cleaning up the mistakes in a QuickBooks file can easily add several hundred dollars to your year end bill.My fee structure is like this (and is similar to many CPAs in my area who are also self employed and work out of their homes.