Many states have discounted property taxes and lower yearly increases for owner occupied properties.

These marketers would have the novice investor believe that the narrow focused “education” they provide combined with the “holy grail” formula (wholesaling, subject to, flipping, lease option, discounted note purchase, etc.) is most, if not all, anyone needs to become “independent” and successful, usually by month 12.

If the 1st then goes into foreclosure, you are in deep trouble, you have to pay it off or lose your money on the 2nd AND lose the property. 6.

Save up and buy deep.

I went deep on SBA 504 loans when we were buying a bed & breakfast property last Jul / Aug. 

For what it's worth, we offered our homes at a discounted rate for a former guest who was looking for a place to stay. 

Offering discounts for weekday or longer stays could also help improve occupancy.

Some lenders offer discounts to return borrowers so maybe look into both flip and DSCR rates when finding a lender. 

let me dig deep it. 

But the "art" really only comes with time in market and a deep understanding of both the market and the operations of assets.