Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.

This means they will have practically complete control over whom to rent, how much to rent for, and how much to charge for repairs, etc.

I am surprised they have not been sued for illegal business practices.

Practice tips include budgeting, saving, and leveraging strengths.

Otherwise, I think this strategy is a good practice to help you feel if you really want to be a landlord.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

But you need to be at least transparent and ethical in your practice.

So you could give them a 30-day notice that you are taking the garage back, but I think that's bad practice.

•Partner with like-minded investors to practice finding and analyzing deals.Year 2: Scale & Acquire AssetsNow that your foundation is in place, Year 2 is focused on using your credit and network to start acquiring properties and scaling your portfolio.1.Use Funding for Real Estate Investments:•Use the $50K–$250K in credit you’ve built to secure your first property.

We completed our taxes and got the K-1s out at the beginning of March before the lockdowns started.As far as bad news, best practice is to communicate it along with what you're going to do to minimize or mitigate the impact as much as possible.