Look for properties where you can add value with smart, targeted renovations rather than going overboard.Financing Strategy: Since you're aware of the leverage risks, keep your financing options flexible and conservative.

With that strategy, I'm not a real estate agent BUT I am also reading a book called "BUY, REHAB,RENT, REFINANCE, REPEAT.

Have you discussed the strategy with your CPA? 

It is still viable if you pair it with other strategies.

@Garry LawrenceDevin Moreno has a bunch of videos on rent-by-the-room strategy in Baltimore on hisYoutube channel.

It's not a bad strategy, especially if you live in a lower-priced area with a good rent-to-purchase price ratio.

I love this strategy! 

., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

Quote from @Dennis Bragg: Hi Breeya,You’ve got a killer set of strategies already!

Investing in out-of-state properties can be a great strategy if approached thoughtfully.