Is it based purely on the amount owed vs equity in the property after paying off the investor?

It has worked out more so in my favor by pure luck since I've been able to keep a few coworkers as room mates in my spare bedrooms, which has greatly increased my income since January 2016.

Concerning not seeing a need to live in an investment property and house hack this MAY be true, but if you're working on building the capital to invest, an FHA 3.5% down payment for an owner-occupied property versus 20% down for a pure investment property can be a significant motivator.

I woukd say that my preferred method is private money in a partnerahip purely because of the freedom you have.

Pure vacation rentals where you would find an area like Ludington, Traverse City or remote location with nature or vacationing items to do.

Work on paying off the mortgage in full before moving on to buying pure investment property.

this is a pure investment opportunity.  

He really saved me from a terrible situation with two of my properties and turned it around into pure profitability!

And you'll never be able to sue for "what the rental property would generate" in my purely-non-legal opinion.  

The cost of a MLS property is too expensive from a pure marketing dollar standpoint...