So my cautionary tale is when buying seller financed paper, make sure you are very in tune to the value of the property.PS: Even if this started out as performing, same concept applies - make sure you know the numbers/values of the property.

Here’s a bit about my current situation and goals:Current Rentals:Number of Properties: 1Type of Property: Single-family home (we lived in it and turned it into a rental when we moved out)Location: Corpus Christi, TXInvestment Goals:Short-term Goal: Acquire more properties and build an equity-heavy portfolio to have leverage if needed.Long-term Goal: Build a portfolio that provides enough cash flow to cover all living expenses.Focus: Expand my portfolio, preferably to at least 10 properties in the next 10 years.Financials:Current Monthly Cash Flow: Close to breakeven (potentially negative by $20, factoring in reserves).Future Investment Budget: No savings at the moment.

You are buying into negative equity day 1.

Oh come on Travis, your not gonna sell any Guru packages with negative-nelly reality based messaging like that, lol. 

All I know is the socal area doesn't have good rent to price ratios so its like you will be in a large negative cash flow situation.

I have made enough on value adds to cover negative cash flow.  

Not only will it have a negative effect on landlords, I would imagine some owners of single family homes will choose to sell to an owner-buyer, thus reducing the number of rental properties on the market, making it more difficult for renters to find places to rent.

But the higher your leverage, the more likely you’re going to be cashflow negative.

Occasionally, someone who hasn't used credit much is disproportionately affected by very minor negative things on their credit report.

I'm intrigued by the concept of serial house hacking and feel like it's a solid strategy for accumulating investment properties.