This requires more frequent payments of smaller sums.

This agreement with your general contractor acts as a roadmap, with clear expectations and protection for all parties involved.One frequent mistake is the failure to include sufficient detail or being too vague.

If you don’t mind moving somewhat frequently this is a great way to start your portfolio.

Obviously, there's more risks but with anything in life that deals with money there's always a risk.There are cases over in Alexandria where people are doing Arbritage using Airdna I found most of the places that are 4 bedrooms under most of the time are being rented out and STR'd by the tenant just by cross-referencing with Airbnb hosts and asking around I found out a large amount of hosts of STR's over there are renting out the property so I do know that it is not only possible but frequent at least in Alexandria Oldtown area. 

Tips and tricks?

Fra I d in every transaction. we are funding our own credit cards and being tricked into paying someone else's debt.

https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?

Simple trick- NOI/Cap Rate will tell you the worth.

Being able to drive by your properties frequently to see them in person (even if you have a property manager) can provide consistent peace of mind. 

My hope is that this will give them a jump start when they turn 18.Well look at that Paul, you just taught this old dog a new trick!