Before taking out profits, make sure you have enough set aside for unexpected expenses like repairs, vacancies, or larger maintenance issues.

We are talking high risk to the 4th+ power. 

That being said, life happens, and the mortgage police are not going to come looking for you if something unexpected happens and you have to move out of the house before one year.

The POWER of Real Estate Investing is: - Securing an asset via only having to give a capital investment of a fraction of it's price. - Having other persons pay for that other purchase capitol that you did not spend. - Getting to keep all the rewards of appreciation over time be it in rents and/or market value. 

.- Set Conservative Estimates: For CapEx, maintenance, and make-ready costs, consider building in a buffer to account for unexpected expenses.

That Victorian flip sounds like such an adventure, especially with all the unexpected finds. 510k views on TikTok is no joke!

Most of the deals are sydications (sponsor plus many investors), but some folks buy a property as a sole investor.The power of Brad's "Eco-System" is the ease of funding deals. 

By searching for and discovering active Facebook pages, Instagram feeds, and Twitter feeds, you’ll connect with active investors and real estate agents that you never would have known otherwise.Run Facebook Ads and Promoted PostsFacebook is one of the most powerful websites in the world.

@James Carlson You probably already know my thoughts on STRs vis a vis 'affordable housing' :-)But this is going to play out as it will, and ultimately even Gov't intervention/restriction will fall to the power of the free market, so we'll see how it goes.I wish the property owners and entrepreneurs well, although some of them will learn that 'elections have consequences' as 44 so famously said.

Equity is it's chief super power.