Then when it is complete, have property appraised and refinanced to pay back the hard loan from my Mother or other lender and because I overfunded, receive cashback at closing and either pay back into the new loan or wait for another deal once I get renter in on this place with me.My hiccups will be my income to qualify for the new loan, and the fact that I have an existing mortgage which affects my DTI right out the gate.

Someone in your situation might think to explore Physician's Loans since you're DMD which would qualify you for 0% down and no PMI so I'd see if that's a fit alongside with other lending products.

Typically they work alongside with one another and have mutual connections but where the interest of the clients are far and wide, it is very difficult to have an agency that services all of those needs under one house. 

I'm particularly interested and seeking immediate opportunities in multi-family properties and look forward to navigating this exciting journey alongside fellow investors.I'm open to advice, suggestions, and constructive feedback as I embark on this adventure.

If they tell you it's not strong enough thatt they're not willing to risk alongside you then it's probably not worth pursuing.

Meeting the test criteria, which includes working over 500 hours in the business, overseeing all necessary tasks personally, or substantially participating alongside a partner, facilitates the strategic utilization of the short-term rental tax loophole.

You are not the first to see a "guru" pose alongside an impressive portfolio when really they are loosely involved-- I've even experienced some claiming properties when they are solely the property managers! 

This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?

Among the many lessons learned, one of our biggest hiccups in real estate investing was managing contractors and knowing when to let them go.Contractors play a significant role in property renovations and repairs.

For beginner investors exploring the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), managing reserve requirements alongside capital for new investments is a key part of the strategy.