You only need to put 3.5% down, so cashwise it won't get in the way of other real estate goals you may have.My first deal was a 4-unit up I bought withFHA3.5% in Santa Clarita.I lived for free (as opposed to paying rent) + enjoyed cash flow + built equity.

You only need to put 3.5% down, so cashwise it won't get in the way of other real estate goals you may have.My first deal was a 4-unit up I bought withFHA3.5% in Santa Clarita.I lived for free (as opposed to paying rent) + enjoyed cash flow + built equity.

All general expenses (marketing, driving, technology etc.) are deductible in 2017.That is assuming you will flip it, as opposed to keep it as a rental.

Its an informal discount to entice a would be buyer to go through that process, a process that we see can backfire (Rent strikes, collective bargaining by tenants opposed to relocate ).

I’ve been managing investor $ successfully for years now, so I enjoy that, and it’s definitely been very active (as opposed to passive) as we’ve been flipping 25-30 SFH for the past 4 or so years..Last question to you is... the smaller properties you own yourself (without  other investors) like the 8-unit you mentioned... are those long-term passive plays or are you adding value/trading up?

In all reality though, a HELOC is a line of credit as opposed to a loan. 

However, I do wonder if there is some sort of intangible benefit to hiring him, since that also would presumably incentivize him to keep looking for deals for me (as opposed to spurning him for another PM)?

That would have been the smart business decision as opposed to taking advantage of their mistakes.

We’d like to try and buy something and were thinking of looking for a small multifamily property as opposed to a single family home.We are complete noobs when it comes to real estate investing.

You only need to put 3.5% down, so cashwise it won't get in the way of other real estate goals you may have.My first deal was a 4-unit up I bought with FHA 3.5% in Santa Clarita.I lived for free (as opposed to paying rent) + enjoyed cash flow + built equity.