Biggest recommendation - network.

The biggest key to self-management is being EXTREMELY PROACTIVE.

The biggest change in terms of lending programs id say is fannie's changes to allow for 5% down for 2-4 units.

I can tell you the biggest thing is as long as you run your numbers tight and have good contractors you can be pretty successful at it.

They also might be local and if you bank with them there might be incentives for lending with themCon: A credit union is restricted on the lending options they can offer (they have limited money to lend) and they might not have another alternative that could be better for you. 

Also, they dont get paid unless you make profit, so they have an incentive to help you be successful.

There are tax incentives like Act 74, tax incentives for residents like Act 60, and virtually the entire island is opportunity zone. 

I think screening will be your best friend if you go this route to prevent the most headaches. 2) I'd say the biggest problem renting by room is potentially laws about unrelated persons living in same household.

The biggest mistake is not truly understanding the exit strategy.

Currently, funding seems to be our biggest hurdle in acquiring real estate.