I was on the ground when I did it, but I live in CA now, and my team helps out-of-state investors execute the same strategy.

If house hacking has been successfully executed, have you considered exploring a new house hack opportunity and converting your primary residence into a rental? 

They will be able to guide you through setting up financing, creating an investment plan, getting subs set up, and creating an execution plan.A good investor focused Realtor should be able to guide you on what markets you can afford, help you focus on your personal risk tolerance, and find a property that fits your skill set and financial goals.The more educated you are as an investor the better, but the right Realtor is going to unlock a wealth of information that is going to super charge your knowledge of investing, and help expediate your plan. 

Also, because you are at risk if the leasee fails to execute properly, you had best have a great lease and the ability to check on their performance. 

Depending on your debt to income, you might have to sell or have an executed lease to secure financing to buy the second home.

I love hearing new investor execution posts like this.

By holding the property until its value increases significantly, you can execute a cash-out refinance to fund your next purchase.

.: In CA it is a violation of CSLB business and professions code 7159(d)(5) to execute residential time and materials contracts.

Even as a broker there are many sleazy Account Executives that try to win my business with terms or extra compensation.

This deal highlights the power of smart acquisitions and efficient execution, turning a swift profit with minimal investment.