Also, you'll likely need more than one property to replace your current income so you need to acquire multiple properties with the least additional capital.Rents follow property prices, with a 2 to 5 year lag.

@Bobby Andrews - Unfortunately, the battle of getting multiple units properly valued on an otherwise single-family lot is always best fought BEFORE the appraisal takes place.

Long story short, I added an AADU (attached accessory dwelling unit) onto the house, but I haven’t been able to refinance it yet.

Listed below are the main things to think about when investing the Orlando/Orange County area.Unincorporated Orange County (outside City of Orlando)Key definitions & permit requirementThe county defines a short-term rental (STR) as the rental of all or part of a dwelling unit for lodging for a period of less than 30 days. 

House hacking is hands down one of the best ways to get started, especially if you’ve got family support and multiple incomes in the mix.A few quick things to think about: if you’re going the FHA route, you can only have one active FHA loan per person (in most cases), so you’ll want to decide whose name makes the most sense for the first purchase.

Quote from @Michael Baum: Hey @William Kwong, so you didn't say how big the place is but there are some restrictions on STRs in multifamily there.For example - Not more than two separate units in any multifamily residential dwelling, whereone other unit in the same dwelling is occupied by the owner and identified by theowner as his or her principal residence, as that term is defined herein;So it appears, if it is more than a 3 plex, you can only STR 2 of the units in total.

Quote from @Rob Tomko: I was hoping to hear some best practices for people out there that own multiple properties.

And being households that probably about 20 million people, if not more. 

But I actually wonder if these programs go away, after the initial pain, the long term result is likely to be positive - a great increase in the number of 2-parent households.

@Maya Jones great follow-up, and it’s definitely a tricky spot when dealing with inherited tenants and changing household dynamics.If someone is already living in the unit and you're trying to verify income as part of requalifying the household or adding or replacing tenants, it's reasonable to screen based on income and ability to pay, just be sure the same process applies to all adults being considered for tenancy, whether or not they have a Social Security number.As long as your rental criteria are applied consistently and you're not selectively enforcing them, you should be on solid ground.