I really like your advice though, I might actually adopt that method going forward. 

Is there good way to approach this or is there alternatives to this method?

All of this will add up pretty quickly so you want to make sure that you are in a position to move forward instead of finally finding a home and being told you are $5,000 short on being able to close.3) You can look into using the BRRRR strategy.With $36,000 I would say that you will be in the price range of about $100,000 may be a little bit more.I think the BRRRR strategy would be the best option as it allows you to refinance and take your original investment (plus more if possible) and then start the process over again as opposed to having to save up another $36,000 to start over. 

With that method, you would have a duplex that you can rent both sides out cash flow and you put little money down and you would be living basically rent-free in the new duplex that in a year will be able to cash flow.

With uncertainty about the near future in the housing market, particularly with ARV's, are you buying BRRRR deals right now? 

I’m an investor with two cash producing homes and looking to shift my focus into BRRRR properties.

Our third option is to keep our current residence (which we have a great interest rate on) and invest in a property under 100k using either the BRRRR or turnkey method. 

Also, you could finance a BRRRR with hard money then refinance out - this strategy will likely require 30% of ARV as down payment, but you could likely find a hard money lender willing to allow a private loan for this or even some other collateral (payed off car, equity in another property, etc).

Currently researching the best method for us to obtain our first property and which type of property that would be.  

I noticed on your profile that you are interested in and currently utilizing the BRRRR method.