Hello, I have a primary residence and about $10k in bad debt (not including car note, student loans and a small medical bill).

I would also focus on smaller deals, single family to 4 unit starting out, so you can establish some experience.

MTR attracts a lot of traveling medical professionals and WFH individuals who need a quiet space during the day, which may not be compatible with families living in the attached LTR.

Provided I can establish a solid investment plan tailored to their financial needs/comforts such as debt ratios and income, they would be more than happy to offer me some financial control.Additionally, If I wanted to, for the sake of building my own personal wealth, I admittedly have the luxury of taking a loan from my parents.

With their established networks and resources, they can resolve issues more efficiently and with less stress for the property owner.However, if you have the time and availability to oversee daily operations full-time or nearly full-time, self-management may be the better choice for starting out.

There are also other ways to use money from an IRA without tax penalties such as for a primary residence or medical expense. just know what you're getting into and the best ways to avoid the tax.

If you can get good at networking and building relationships by establishing rapport, you'll get ahead much quicker in this niche.

Even with a great opportunity, trust is the foundation of any partnership.In my partnership, we had already worked together on multiple deals—me as the agent and him as the investor buyer—so we had established a strong foundation of trust.

They have to have an established contract with the bureaus in order to report.

Needless to say, many parties are involved, and they all need to be established and verified, or your business will suffer greatly.