More than likely a blend of my money and other sources.So, I'm assuming "other sources" is equity, not debt.

Some potential challenges include:- Tenants being consistently late on rent.- Issues with cleanliness and respecting common areas.- Requests for repairs at inconvenient times.- Navigating tricky landlord-tenant relationships when you live on the same property.While some people thrive in this environment, others find it difficult to balance personal space with their role as a landlord.### 3.

I even included that in my "Debt Strategies" presentation that I give at local events.

Biggest lesson here for everyone is NOT to include utilities EVER!!!!!

Selling gets a tax free gain and allows you to be more liquid; keeping it allows you to have once in a lifetime cheap debt and have that leverage on an appreciating asset. 

This includes all charges paid, utility accounts set up, renter's insurance established, lease signed, etc.

Depending on your debt to income, you might have to sell or have an executed lease to secure financing to buy the second home.

Your not correct under many different circumstances.First property tax is 1.1% (fairly safe) with 2% annual increase (prop 13).Next expenses include a lot more than property tax and interest. 

Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.

Despite facing setbacks, including a year-long renovation process, I tackled the repairs, improved the interiors, and addressed all concerns.