Diversifying your portfolio can also be beneficial, as it helps mitigate risks associated with market fluctuations.

Assuming you are both working and the rentals are long-term, rental losses up to $25,000 can offset W-2 income if your MAGI is under $150,000, with excess losses carried forward.This post does not create a CPA-Client relationship.

Of course, growing has inherent risks involved.

This is in RI so letting the heat out is not just a big cost but a risk.

DSCRs will have slightly higher rates and they also carry prepayment penalties, which kick in if you sell OR refinance the property within x number of years; 3-5 years is common. 

Hello Frank, I think house hacking a small multifamily property that you buy with a low downpayment is one o the best and lowest risk strategies that you can get started with.

Gap lenders look at deals similarly to tru private lenders: case by case, risk of deal combined with risk of borrower.

This will allow you to mitigate risk on the first property but also allow you to do a cash out refi on the second, so now you have access to tax free cash that you can do with whatever you please.

Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.

Buying a property with foundation issues is not necessarily a problem if the purchase price is reflective of the risk.