I look forward to it.Right now that "counting rental income from an in-law unit that a SFR has" magic is only for FTHB and loan amounts under $417k while they test the waters, but I strongly suspect that once they are done testing the waters it'll be rolled out to high balance and non-FTHB loans.

Also your down payment is given to you at closing, it doesn't magically go away, it equity in the property.

Keep an extra ~$350 per month to reinvestDoes anyone else feel that a refi is like going to a magic show and you're trying to see the magician's sleight of hand?  

203k is appealing and can make magic happen, but in hot markets (LA in the summer...) the house and the situation of the seller really needs to be a perfect match.In general you don't go find a house to 203k, you go look for any old house, coincidentally find a house that happens to coincidentally be a perfect fit for 203k, and then you start talking about 203k stuff.Typical characteristics:Too crummy for cosmetic flipper types to want.Seller more motivated by sales price than by closing quickly. 

I was looking for the magic formula to quick riches.

In addition to managing properties I have a background in Marketing and can honestly tell you that lead generation isn't a magical fix-all term. it's a lot of hard work and often a big investment is needed to start seeing results.

If they only read your title post, they too may think an LLC has magic tax beans.The idea that tax benefits exist simply by having an LLC is what I was emphasizing.  

Dunno...Unless there's some "magic" way to find such properties other than by checking the public records available on line (go down to the courthouse or recorder's office?)

The brokerage can give you the tools but it is not a magic wand to make the money roll in.90% of new agents fail the first year and leave the business.  

., My personal advice would be to read through this and check off each one honestly.https://www.biggerpockets.com/renewsblog/wp-conten...I was stuck for 3 years, I was about halfway through the page and magic started to happen.