You cannot use personal funds.You must pay others to do repairs and manage the property.

No risk, just reward—whether for personal deals, joint ventures, or simply passing along awesome prospects to each other, I’m always actively prospecting for new deals and sharing them with my network.Let’s collaborate, learn, and grow together!

Just for simple math use average 20% personal tax rate.  

Welcome to BP - great Texas community here (and in person)!

Once again, the loss of the compounding factor by concentrating on my personal home rather than an investment was significant. 

Anyone can file a mechanic's lien without taking you to court, and I have experienced this personally. 

Even though we try to get to know our residents during their stay, it is probably impossible to truly personalize a gift for each of them.

But yeah the studio apartment is an absurd layout, I was blown away when I saw it in person.  

Can run thousands.And while this isn't an "out of pocket" typically you will need some personal liquidity and net worth to secure loans.  

I cold emailed and called the owner multiple times and eventually we connected, met in person and made a deal over the course of a few months.How did you finance this deal?