You can start with a turnkey that can use a light rehab to help you build a team and establish a foundation to then get into bigger projects.

Hello, I am wondering if any real estate attorneys can please shed light on whether my current job status would qualify me as a "real estate professional".Specifically, my full-time job in which I work more than 750 hours a year is as a mechanical engineer for a engineering consulting company.

Even the type of wood floor, tile, different colors of paint, bath fixtures, lighting etcAlways give specs and be very specific as you mention, otherwise it can cost you later on down the road

Well hopefully someone here can shed some light on them for you.

Basically, we want to house hack, but light industrial hack. 

Start with something either turnkey or light value-add, so you can start forming your boots on the ground team with less pressure and risk.

Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)

When PMLs go bad it's such a headache, to put it lightly. 

It puts you light years ahead of other buyers.

Cashflow is basically to keep the lights on while your equity is growing.