The key would be making sure to talk to a local banker that can do CRE loans for owner occupied properties as not all banks do them.

This knowledge is key.

I think the key to getting a good start in REI is finding a way to have a high 9 to 5 income and using a good portion of it  invest in your real estate endeavors. 

The key is to find a team and please please find a PM to work with first and let that PM help with the rest of the team.

While the $600 per month insurance bill is hefty, I remind myself that being closer to the ocean would have meant even higher costs.One of the key lessons I've learned is the importance of timing.

This deal leveraged strategic financing, value-add renovations, and market knowledge to deliver a strong return.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner. 

From experience, finding a knowledgeable accountant is key for handling taxes effectively, especially when splitting expenses, claiming deductions, and managing depreciation.

They key is to not act like you are "hiding" something.

A good designer and architect are key for a successful project like this and keep in mind these aren't cheap.There's a lot more details to consider, feel free to DM me for more details.