Prioritize your financial stability.

Long term goals in mind that I need a track record and capital for! 

Was truly one of the best financial decisions of my life. 

Learn what each one of these are, and see which makes the most sense to apply to your specific financial plan. $150 cash flow on any rental especially a triplex is dangerzone imo. 1 month of vacancy of 1 unit could destroy a years worth of financial gains.  

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

It is the same recording fee, just different wording on the deed.

I document my inspection with photos so the condition is recorded from that point forward.

2021 hit and that is when I became financially free and was able to retire from teaching at 55 yrs old.

You still need some money to cover part of the rehab until you get your first draw, and if you're a brand new investor you might not qualify for 100% LTC on your first deal, but if you can partner with someone with experience on their track record or can prove significant past contractor experience then we might go that high on your first deal. 

Quote from @Danth Aman: Quote from @Victor Patel: I don't see a problem with this as he has disclosed his financial interest in the property and him being a licensed agent.