Negative returns while you are living there is okay, which is why you want to underwrite the deal as if you are not living there because you will eventually move out and rent your unit. 

If the answer to #1 is yes, then you have to decide how that compares to all other leisure ways you can spend money - because all money, eventually, is/will be/should be spent on something.

To give a little background, my aim is to focus mainly on BRRRR investing using what I've heard in the podcasts referred to as the "Stack" method: starting with SFH and working my way to small MFH and eventually Commercial MFH. 

Eventually as you work with someone over a long period of time, you'll learn what to expect from each other and can relax on the formalities.

Excess funds go to LLC account eventually.

This happened to me originally and really threw me off but it just meant I had to wait longer into the season before it eventually filled up. 

With that being said, I’m very grateful to have come acrossed the BP world, and I’m looking forward to learning from and eventually contributing to this AWESOME community.

I have written a detailed business plan on how I plan to start and run my investment  business, eventually bringing in limited partners.I am located in California and hope to purchase my first rental at the shift of the next real estate cycle.

I also, want to invest on side mainly rentals and will eventually work my way up the scale.

For now we're starting off with SFH, but want to eventually get into multiplexes and commercial properties at some point.