For example 3 years ago it was maximizing returns and today it is about preservation of capital.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

Two, you'll have a much easier time obtaining a mortgage product if you have a track record of W2 income.In the meantime, continue implementing the strategies you mentioned: save religiously, build your credit, pay any existing debt owed, etc.

Each property has two savings accounts - security deposit & reserves, and one checking - mortgage payments and utilities 

This allowed us to maximize revenue and occupancy more effectively.Safely Insurance: We also decided to use Safely Insurance, which provides comprehensive coverage for guest damages, liability, and protection beyond what Airbnb or Vrbo offer.

Avoiding errors and being educated on the laws can save time, money, and potential legal challenges.

You have NO leverage, no matter what he builds or does not build, except for the developer saving some money in legal fees and cutting down on mesne profits damages.

Considering your situation, I would try to find deals on Facebook, saved zillow/realtor search notifications, etc.

I poured my life saving into it and make it a duplex.

-repeat the process every year by acquiring one house every year with the appropriate income qualificationThere are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.