From my perspective, it’s essential to ensure that financing aligns with your long-term goals and risk tolerance.

Does anyone have any other tips?

I intend to get a single family residence, add an ADU, live myself in the residence and rent out the ADU as a studio apartment long term.I have checked my city's ADU laws and long term renting is permitted.Question : can I obtain the REP status while maintaining the ADU while it is in my primary residence?

I did a cash out refi on my principal residence at a much lower rate and paid it off.Now I plan on using the equity for more purchases.What? 

Quote from @Karla Garcia: I’m about to dive into my first real estate deal in Central Florida, and instead of flipping an existing home, I’m considering building a new house from scratch.

Quote from @Michael Navales: Quote from @Budhavarapu Ranga: Hi,Me and my friend OOS have bought a new single family home in Buda TX as a rental investment.

@Sean Dillon I am also from Long Island and house hacked 2 of my 3 rentals there before I moved.

I invested in my backyard first.

I am a long-term investor, but I also provide services to long-term investors, so my advice is biased toward that option.  

But I make more money on my US properties.