Our intention is to buy it, rehab and rent it (BRRR method from what I understand).  

I know all (okay...probably less than half) of the methods like "drive for dollars", put up signs, yellow letters, etc type of methods to find deals.  

I have explored both options myself over the last few years.

I have bought timber ground in those areas and it took years to resell... just stick to your tried and true methods of buying deep discount.. check DOM for the area and don't over pay.

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.

I have tried some, but still want to explore more.  

Access to each lot should be considered... is there road frontage for each and if not, then you may have to explore creating an easement(s).You can certainly get feedback here on BP, however, you may well be best served consulting with a local real estate attorney well versed in zoning matters in your area along with surveying/engineering folks.Good luck!

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.  

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.