House Hacking & Low-Down Payment LoansYou’re on track with house hacking for your first property using a low-down payment loan.

Two sets of eyes on projects also helps when it comes to keeping track of contractors, etc.

But assist as much as possible with their renters insurance to get them to cover this.

That’s a solid wealth-building strategy with a proven track record!

But I hear it's a great way to keep track of everything that goes in and out of your accounts.

If you ever need help, I’d love to assist you in gaining more knowledge in real estate investing and blending your construction and remodeling experience for success in this new chapter.

There's so many costs outside the down payment.This is what I am tracking on fix n flips right now in terms of capital requirements needed for the lifecycle.Project costs (rehab + purchase) of 120k - 150k investors needs to be 25k - 30k liquid to get through a 5 - 6 month lifecycle. 

One challenge was keeping the renovation timeline on track, but through strong project management, we finished on time and met our sales goals.

Removing Hassle: Take care of moving costs, dealing with tenants, or assisting with legal paperwork to make the process smoother for the seller.11.

You seem very green, I would highly suggest finding a property management company to do this for your while you learn the ropes and how things work.However, you can also get a copy of "The Book on Managing Rental Properties" by Brandon Turner, and get some really good information.The main one's to consider are:Background check - totally clear, or will you allow certain thingsEviction history - totally clear, or will you allow if no evictions for last xx yearsIncome Requirement - usually 3x the cost of rentCredit History - totally clear, or will you allow certain thingsPets - yes or no, size, type, number of pets allowed, extra pet deposit/feeAgain, I highly suggest a property manager to assist you with this.