You can purchase the first one with a private loan from your dad or cash to minimize risk, and leverage a second or third property with a bank loan and the rest of your cash.

It makes sense to have standards, especially when you’re working with tenant-occupied properties and need to minimize unnecessary showings.

Only issue is you have minimal insight on monthly performance unless you download the bank statement and then build custom charts in excel or google sheets. 

As for the interest rate, it does help being 0% minimizing the cost but even if there was an interest rate, as long as you have enough room on the cards to float, it's not your money you are spending.

Corporate formalities are taken care of and minimal as a single member LLC.

They seem very similar in that they handle emergency and non-emergency maintenance calls and, critically, even dispatch contractors/service-people with minimal intervention from me.

And, due to the arid environment, property upkeep generally remains minimal, saving on both time and costs compared to areas with high weather impact.Moreover, the mid-term rental (MTR) market in Las Vegas presents a significant financial upside, often doubling the rental income compared to standard long-term leasing.

let’s start with the premise that a successful brrrr has minimal costs and an ideal brrrr has no cost (all investment extracted via the refinance).  

I prefer the areas just outside the city limits where regulation is minimal and prices are significantly less.   

This approach enabled us to move forward with minimal delay, giving us the flexibility to work efficiently within the timeline we set.