Don’t ever tell your banker you plan to live there.

@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

So for example; if you pay $500k for a rental and $400k is building value. 

The planning process can take a very long time!

Plenty of people do have 10-20 unit and work thru it, you just need to think it thru and have a plan if you don't want to do all the work. 

I am currently 36 years old and planning to start my real estate investing journey this year.

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan. 

Building confidence, a plan, and understanding your risk tolerance are all keys to success. 

If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.