He has been a licensed GC for 20+ years and has his Real Estate license in multiple states.

If you really feel you must get this place get multiple quotes on the largest issues, write an extension to the inspection contingency and do more due diligence.  

Ultimately, my vision is partnering with a private lender so I can spread my funds across multiple deals at once and scale quicker; I'm really happy so far with my agents, contractor, and refi lender, so I feel like getting a great lender would be the next step for me.

If you’re selling your home to a stranger, have a solid contract that has been tested in the courts.

I'd get a house with multiple bedrooms (4-5) and you can live for free or even cashflow with the rent you'll receive.

I'd rather pay less now with a higher rate that I can refi out of than wait until they are lower and pay more (and probably have worse terms in the contract too due to multiple offers).  

We're picking up extra work, multiple side-hustles and cutting living expenses... what am I missing here?! 

A well-maintained property not only attracts quality tenants but also helps preserve its market value.Time Management: Managing a rental property can be time-consuming, especially if you have multiple properties or are working another full-time job.

Multiple reasons why - high turnover, language barrier, individuals not representative of your brand, etc. 

There are 7 material participation tests and these are the 3 most common for real estate investors AND you need to meet one of them: Spend more than 500 hours on your rental businessDo substantially everything for the rental businessSpend more than 100 hours on the activity and no one other individual spends more time than you doAnother way to offset non-passive income (e.g.