After being displaced by the Maui wildfire in Lahaina Town, I began a new journey in the Midwest.

Too many newbies seem to think they can blindly follow "old" advice in today's real estate market and be successful.Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.What many newbies have figured out is that they can't make the numbers work on rental purchases in their states - like California, Arizona, New York, New Jersey, Washington, etc.What they have NOT figured out is that if they go to cheaper markets, they aren't being shown Class A rentals to buy.

(Like RC Wiley) The money losing warranties offered by utility companies.

Interest rates decreasing a little more will be necessary to make this possible, too (DSCR loan).Also I will have another deal refinanced by then and gain about $70,000 of capital from refinancing that.

@Marc Zak Using an LLC for each property provides strong liability protection by isolating risks to individual assets, with income and expenses flowing through to your personal taxes on Schedule E.

My goal is to grow this business by expanding my investor network and seeking properties that will allow for additional scalability.

Cross-Collateralization – A lender may finance the full $160,000 purchase by using your existing properties as additional security, lowering their risk and possibly reducing your down payment. 5.

What happens if you buy the SFH and hate renting it by the room but the cost to maintain is too much by yourself.

I could tell by the list price and look of the property whether it was going to go pending, or languish. 

I usually start by analyzing data like population growth, job opportunities, and rental demand.