Building a network of agents, contractors, and lenders who understand cash flowing rentals and the BRRRR model will be key as you continue to scale.

The key is to assess your current financial position and goals.

Consider working with a Realtor who specializes in investment properties to help you find the right deal.Run the NumbersThe key to successful house hacking is making sure the rental income from the other units can cover most, if not all, of your mortgage and expenses.

After reading what you wrote I get that networking was key.

We have been swept by the influencers touting the benefits of cost seg, so we are wondering how come nobody ever mentioned that it might not fully appy during the first year in service.You relied on two almost equally awful sources of information: influencers and IRS publications.

Once you’ve got the basics down, networking is key.

Key Market Movers and How to Track Rateshttps://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...How Do DSCR Lenders Calculate Your Interest Rate?

Here are some key red flags to watch for:🔴 Lack of experience: A borrower without a proven track record in real estate projects may struggle to navigate unexpected challenges.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.

One key lesson is to always prioritize a thorough inspection—and go beyond the basics.

Since house hacking is off the table, focus on building a network in those areas—agents, property managers, and contractors are key.