For me I think it depends on how much money you have invested into the home and for how long?  

Based out of Salt Lake City and looking to do multi-state investments in real estate by flipping or renting. 

They have everything from supplies to decor items depending on what you need to stock. 

It depends on what you want to invest in.

@Diana Mulvihill A lot will depend on your local market and competition.

I agree with @Aaron Zimmerman—setting up your chart of accounts to align with Schedule E/1040 or 1065, depending on your type of entity, will again take some of the heavy lifting come tax time.

The Real Estate Guys do a great newsletter with lots of high-level information about the economy and how it impacts real estate.  

Hire a cheap crew to tunnel and the real plumber to set and replace the pipe. 

Quote from @Kevin Cole: @Andrew BoscoI would like real estate to be a part of my wealth building strategy.

@Timothy Frazier Yes, the only reason to use HML as a down payment is if the property is "mostly turnkey" AND you don't have the funds to renovate AND you have strong CMA comps from a real estate agent that supports that the fact that you are buying a property that is under valued AND your renovations would push that so that you could refinance.