So the value and equity of the land you have counts towards the total value of the deal.

For example, maybe you will get to 10, 20, 30 houses and then find an owner who has a large portfolio and all of a sudden you are at a high door count and now need to hire, need to build your policy binder, and all the other stuff that comes with running a business.

I believe if you change jobs or leave that job, you have to pay that loan back or else it counts as a distribution.

Count me in. 

Adding small units in small unit counts is expensive development.  

I'm going to try to post snippets of things I've learned this past year as a way of paying it forward and gratitude for all I've learned and keep learning via this community. Today's lesson: why I won't use VRBO Pre-A...

Justin made posts here about how much "he spent" rehabbing units that wound up belonging to other people. 

And then the last hurdle is that driving miles between your home and your rental properties by default is considered to be like your "commute" to work, and your commute doesn't count as business miles. 

Tasks like decorating, setting rates, marketing, and bookkeeping all count towards your hours, so as long as you’re documenting everything thoroughly, you should be in good shape.That said, having a property manager for maintenance and on-the-ground needs can still work within the active participation framework.

Technically, Conventional allows 15% down but you end up incurring a hefty hit to your rate/points options when you put down less than 20%, which makes causes most people opt to put 20% down.