Anything over 2 units necessitates that rule.

I've also talked to multiple CPA's on this topic and they explained how you have to capitalize everything since the intent is to flip it.

On the construction side I have an advantage because I'm a very experience contractor that can handle multiple big or small projects, specially out of state.I started now because I got all my systems in place!

This can be a great option for investors with multiple properties or those who want to avoid the limitations of traditional mortgage qualifications.

I recommend setting aside a contingency fund of at least 10-15% of your total budget to handle surprises without derailing your project.Juggling multiple contractors and staying on schedule is tougher than it seems.

For contractors, your best way to protect yourself is just get multiple quotes.

There are multiple points of failure here.On your rehab, if you haven't been asked for a draw then he hasn't done the work.

I have actually managed to save up enough for multiple down payments around 20% as i have been here for 5+ years and not been able to qualify for credit (due to history length) so i have been pursuing the 20% conventional method initially. 

It shows you’re serious about your real estate game.Easier Management: If you plan on owning multiple properties down the line, having an LLC can make managing everything a lot simpler.

@Brian Ploszay definitely had some great insight.To expand on his first point, I think a "triple net lease" would be a good model to try to follow.Also, make sure that in the event your optimal tenant (drug rehab) were to move out, you have multiple exits to help you sustain any market downturn.