The #1 reason that Landlords fail, according to the American Apartment Owners' Association, is the landlord's failure to manage to the lease.  

I was one of the few lucky ones with Safeguard as I was able to take over the management of the loan and modify it and then got a payoff.

Cash flow depends on the down payment, but using a HELOC could keep your cash reserves intact while you get started.Make sure to build a reliable team (property managers, agents, etc.) to help you manage the property while working full-time. 

However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.

Start by being actively involved with your PROPERTY MANAGEMENT duties.  

I am reaching out to other OOS investors how do you manage your rehab when it is way past the timeline.

@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?

Heck it's so good I could manage a loss for a few months but I really think the cash on cash return will be 10% + first year and 20%+ 2nd year. 

I served as the buyer's agent and property manager for my clients under Blue Chariot Realty & Management.

I also have not had (Knock on wood) too much time spent on managing the properties and keeping them rented to long term tenants.