I have a call setup with them on MondaySteve, how did your meeting go for Mom’s house?

I am an aspiring investor educating myself in the rental game.

I'm new to the real estate game.

they'll be able to guide you on what programs are available, how much you'll need to close, what you would need to get pre-approved, etc.if you start with a house hack you're going to be ahead of the game in the long run, so it's OK to be patient for a year or two. 

I ended up having to pay for their tax preparer’s time to meet with me and make corrections.

Hi Matt,Here are a few ways to find a partner for your 16-unit deal without relying on family/friends:Real Estate Investment Groups (REIGs) – Join local or national groups where investors look for opportunities.Networking Events/Conferences – Attend real estate events or conferences to meet potential partners.Private Money Lenders & Syndicators – Look for investors or syndication groups willing to partner for funding.Real Estate Brokers/Agents – Brokers can connect you with investors seeking deals.Online Platforms – Use platforms like BiggerPockets, Fundrise, and CrowdStreet to find investors.Investment Clubs – Find local real estate investment clubs to meet interested partners.Crowdfunding Platforms – Consider platforms like RealtyMogul to raise capital.Accredited Investors – Reach out directly to investors through LinkedIn or your network.Be sure to choose a partner with complementary skills, financial stability, and experience in multifamily investing.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

We started out kind of at the same time, and made similar money, both self employed attorneys with successful firms, but not huge money guys by any means.He looked at the LA/So Cal area, and said "none of this makes sense, you cant cash flow here so I am not investing here" and i said "I believe in so cal real estate, i will invest here, live here, and play the long game"So I started house hacking here in LA, and doing the more traditional deal. he rented in a place that he liked to live (by the beach, where nobody can afford to buy) and started buying stuff in Chicago, where he is from.He still rents here- but 10 years later, he owns 400 doors in chicago and could retire if he wanted to (but isn't).

I am taking your advise, and switched my game plan to include a local agent or property manager to show the properties. 

Additionally, while rates aren't historically bad right now, they are higher than 4-5 years ago, and they will be even higher for you as an investor than they were as an owner occupant, which is what you were when you bought originally.I get that you are anxious to add to your portfolio, but that could be achieved without touching your first golden goose.Sometimes on BP, the push is to leverage every last spare penny, but that can be a risky game as the markets shift.