@Daniel MyersTo follow on what Don mentioned, lenders also look at it as a greater risk when the tenant and owner are the same person.

Although, there is really nothing to be feared as long as you know the laws and treat people fairly.As mentioned above, finding a quality renter is really where all the heavy lifting is done. 

You didn't specifically mention this but I just finished Start with Strategy by Dave Meyer a couple weeks ago and while it's a great book for anyone at any point in their investing journey, I WISH I had read that earlier because it's so helpful.

I’ll check out the tools and resources you mentioned and focus on learning and networking.

The post below has a link to it if you’re curious:https://www.biggerpockets.com/topics/693527It was my attempt to model the key financial incentives for REI, which members have mentioned above, like inflation protection, capital appreciation, tax benefits, equity build up, and of course the beauty of refinancing.If you’re familiar with project financing you’ll know as value of real capital appreciates regearing will boost returns quite significantly.

@Rene D.Think you need to provide more context of what this is in reference too.Also as mentioned it doesn’t make sense saying perpetual 2 years.

Not to mention the craftsmanship.

You mentioned having a “prequal” letter.

Elements like window frames, door frames, railings, door handles, post boxes, a flowerpot, and address posts can greatly enhance the overall look.As Kristin mentioned, it looks like a nice flip.

As Michael Plaks mentioned, since you are just starting your rental arbitrage business, expenses like attending BPCon would likely fall under startup costs.