Seems logical, but I have a feeling it's not that simple.

For everyone referring to the great recession as a "once in a lifetime" event and thinking you'll never have to deal with that again, this is the same flawed logic as having your house flood when it's in a 100 year flood zone and thinking that you won't have another flood for a century.  

Our logic is why give them a chance.

If my logic is faulty and I have to perform deprecation, could you please advise me the number of years that a fence has to be depreciated?

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

The logic behind going w/ the 4plex out of the gate is that I can use FHA financing and only put 3.5% down.

What are your thoughts on this logic? 

That's interesting logic, but I think it's clearly outside the bounds of the Act. 

But it does need to be logical and defendable.  

There’s no rush to pull equity from it until you’re ready.Flipping and BRRRR Strategy: Once you’re settled into your duplexes and personal home, moving into flipping or the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) is a logical next step.