The payments for the management of the property and the book keeping will come out of the cash flow of the property.9.

@Rene Hosman You can read about H.S.A. investing in my new BP book - Self-Directed IRA Investing: A BiggerPockets Guide - www.BiggerPockets.com/SDIRA

If anything, I'm able to be a resource for them because I've read the entire book and have access to calculators here on BP to help them run analyses.

We're here to answer any design questions you have - comment below and let us know what your favorite element on this project is!

In my book, I share an example of a DIY Landlord who lost over $20,000 in two years with just one of her five properties.

One challenge was getting the hotel occupancy up after renovation since no one had booked or stayed in years so there was no existing guest base.

AFter the GFC we had to provide a big book on all our new builds that had all the signed lien releases in them after about 30 or 40 homes we built title company was finally OK giving us early issue without back up.We dont see that as much with fix and flips.. 

I'm a 2x house hacker in LA and a case study in the Bigger Pockets Book, "The House Hacking Strategy."

Start by educating yourself with foundational books like The Millionaire Real Estate Investor and practicing deal analysis using tools like BiggerPockets calculators.

Ben Franklin used similar advice to turn an enemy into a friend (although his was asking to borrow a book).There are some caveats here, you cannot be wasting time thus you need to demonstrate that you are taking action.