Hey BiggerPockets,I recently received pre-qual letters from two lenders and am now aiming to purchase my first property prior to June 2020.  My plan is to househack a single-family home (Austin, TX).  The area has bee...

Hi @Kesru Tam, I think it is a great approach to break down the differences between to different investment options.

Since you are going to be the new landlord and you need to approach it as such, you cannot be afraid to tell the tenant what you want because you have to remember that you are training them on how you want things to be.

Would they use an income approach?

No further details yet but Im anxious to figure out how others would approach this.  

Finally: is there a better approach or strategy I should consider?

They understand the trade-offs of both approaches.

is not the best way you should approach someone.

- 10-20% depending on the property location, # of units, FICO, experiencePrice out your deal to make sure the numbers make sense and you have the cash to close before approaching a lender

Properly structured, even in a catastrophic loss they will still provide some shielding of your personal assets.Second, it provides tax advantages not otherwise available to an investor.The general approach is to "control everything, own nothing".