While the traditional approach involves buying a multi family property, living in one unit and renting out the other - with rising prices and interest rates; others have considered renting out bedrooms as unit spaces. 

What if you lose your account?

For your first question, writing a scope of work (SOW) involves detailing all the tasks and materials needed for your project.

For example, they may have an account in collections or a short payment history on a recently opened account. 3.

Offer to intern, find a way to get involved.3rd - If you find a deal, you can then find financing! 

The tenant pays a monthly premium and keeps an active bank account and credit card on file.

I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Do people take those credentials home with them and continue using your account. 

There is less risk involved in the cheaper properties .

The 1% rule doesn't matter as much if you have a 5-10 year investing horizon because it does not take into account appreciation or other benefits of holding (tax benefits, etc.)The 1% rule stops a lot of folks from getting started.