I am assuming the answer is "yes" to get credit card points and prevent a contractor from charging a premium on materials. 

I.e. the value-add player that has moved to more core deals, or heavier performance alignments shifting overtime to more fee heavy structures.

So your 50k doesn't stretch as far as you think once you start adding everything up.Thank you for this information, it gave me a lot more clarity.I was thinking for my first deal, I could find a property for $125,000 including down payment and use an FHA loan so I only put 3.5% down, I’ll be using less of my $50K capital which will help prevent my $50K from getting drained after down payment, closing costs, etc, let’s say $12,000 total, I’ll have $38,000 left in capital. 

•This prevents you from depreciating two roofs simultaneously.

I think there may be some players in the space advertising 80% LTV on cash-outs but would proceed with caution if you find someone offering it.

This law basically prevents wholesaling when the wholeseller owns title.

Condos have much more risk than a SF rental.A condo HOA can decide there are already too many rentals in the community and prevent you from renting yours. 

Most of the leads you generate via cold calls, social media, and other marketing efforts won't transact or even meet with you for some time.Baseball players take dozens of swings in batting practice to prep for just 2-3 good pitches they'll see come gametime.

I think it's okay to not have a deluxe backyard, see what the market is demanding.We didn't want to or have the funds to do a full renovation, Here are some things we did when we got our primary ready to rent:-Tore out fiberglass tub and surround in master bedroom-Had new tub and tile surround put in (felt nicer for primary bedroom suite)-New toilets and all new faucets-Hired guy to resurface all kitchen and bathroom countertops-Took down popcorn ceiling and had resurfaced/ painted-Neutral paint and trim throughout (had different colors all over prior)-changed out washer hook-up valves to prevent issues Things I wish we would've taken care of:-regular yard maintenance hired out and baked into rent-LVP flooring throughout (kept mix of tile and carpet)Just did final walkthrough and got keys this morning for tenant moving out.

If it's an owner occupied unit sometimes I've found the big players like state farm to be pretty competitive on price.