Unless you're looking to start a job as a landlord of your own deals and hope to be financially free by the time you have grandchildren; you'll need a better plan.The vast majority of highly successful real estate investors use a combination of the I and B (or S to a lesser extent) quadrants (read RichDad's Cash Flow Quadrant) to accelerate the passive income and wealth accumulation real estate done well can provide.What source of income do you have now to funnel into real estate?

I utilize a combination of the two.

It doesn't always work but some appraisers sometimes will combine their data with other data to support the result of an appraisal.  

But the data shows that they still will go on vacation, just probably not to Aspen.The combination of STR's, low incomes, and B class properties has worked well for us.

Here is an example of what we deal with: in Richland County (SC) the AMI for a family of two is a combined 44,750. 

Here's our potential first deal we would Love to hear feedback:Property Appraised 190kAsking price 130kTriplex with combined rent of $1450/month (currently rented, could raise slightly if needed)Financing:Loan for propertyDown payment HELOC from our homeOur goal is to get started in multi family units in order to grow a portfolio and use equity from rentals to purchase more.Thoughts?

We typically allow smokers in our Camden units if they pass other elements with flying colors.Areas to look at - Fairview, Woodlynne (its technically not Camden but most link the two), areas near Rutgers. 

This reply does not apply to the financing issue but rather, combining all rental properties into one LLC. 

Its a great combination to create some margin in your personal finances without paying tax.

Unfortunately, the duplex utilities are combined as one (the duplex shares the ac unit, water, and electricity). (1.)