Keep high liability limits.4) HOA Insurance: Read your CCR and see what is covered.

I highly encourage all my tenants to keep open communication with me about any struggles to pay rent, and generally they do.

The closing team will keep you up to date as you move toward closing and I will keep my eye on it as well.  

Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount. 

FHA loans only require about 3.5% down, so it’s a great way to start generating passive income while keeping your housing costs low.If you’re leaning towards renting for now, you could still invest by looking at fix and flip properties or even partnering with someone more experienced to get your foot in the door.

Scottsdale has been an amazing base for me - so much outdoor beauty, a thriving community, and, of course, a strong real estate market.Since you’re diving deeper into your Johnson City research, have you started looking at specific properties or just keeping an eye on trends for now?

Kendrick, keep in mind that real estate pricing is determined by desirability .

I hope you or someone is at least keeping an eye on your properties for break ins, squatters, roof leaks, temperature control, frozen pipes (if in cold climate), if you have a basement and sump pump goes out leading to water damage etc.I just talked to two investors in California that have let their properties sit vacant (no mortgages so paying property taxes and insurance).

Starting with an owner-occupied multifamily is a great strategy—house hacking can really help you build equity while keeping your living costs low.

With interest rates where they are, that could keep your cash flow strong while allowing you to scale.