I see too many investors now, put a significant amount of money in rehab costs and over leverage themselves on hard money loans with low down payments, their properties are not selling and they are lucky to just payoff their current hard money loan via a DSCR refinance. 

Do I put the address on the driver's license as 1001 even if I'm living in 1002? 

Of course we all want to make money and care for four families.

At the same time, I have decent money in my IRA  invested in mutual funds.  

I do not have a ton of capital so I would have to use a hard money lender, (who I have already met with). 

Unless you are talking serious money, which I would say is 2k or more in excess taxes, it may not be worth your effort.

@Rickey Mayes even if you buy a condo as a primary residence, alot of them will require 25% down if they do not have reserves and meet full review requirements.

I make a decent amount of money nearly from my W-2 (over 100k) but still not enough to easily buy another property this year especially if I have to put down 20%.

If some landlords are requiring them to pay application fees before they even know they want a rental versus ones that don't which do you think they will choose.

Hey @Thanh Lu, so you didn't say where you are located so it is important to check down to the city level what constitutes a tenant vs guest.Most often it is 30 days or more, but there are some that state 28 days or even more vague for squatters rights.