My dad and I got caught by that snag on our third flip years ago, and we definitely kicke ourselves for not doing a little extra research up front.

My journey officially began at 16 years old, right after high school, when my father and I sold the house he was going to gift me and my brother to fund our first vacation rental in Cozumel, Mexico.

I ended up with some rules, couple here:1.Discrimination - Never Rent to Attorneys, Law students or Law Professors.Learn all you can about the Housing Laws i.e.

To me, you'll get a similar (if not slightly better) rate than hard money and you'll also avoid paying points for the hard money.

Are they separate meters from the main home and does it have its own water / sewer lines?

These strategies have brought me incredible success in attracting investors and building rock-solid relationships.Take it from me, unlocking real estate excellence mostly depends on developing trust and involving investors. 

If the property appraises for $300k, you can borrow up to $300k.

Quote from @Lindsey Buxton: Want to level up your passive investing game?

I use Rentredi.I also use Paypal, Zelle, Venmo.I make it as easy as possible for people to give me money.I track it all in a spreadsheet for many properties.

. - If I pay property taxes online (let's say with a credit card), will my name show up as the payor or will the trust/trustee's?