You might also look into learning about BRRRR (Buy, Rehab, Rent, Refinance, Repeat), a popular method for scaling a portfolio.Network Locally: Engaging with local investors and attending meetups in markets like Dallas or Fort Worth can provide insights and connections that are invaluable.You'll find that momentum grows quickly.

With a 203k Renovation loan, you can also finance in your payments if you are doing a major rehab. 

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

Did a full gut rehab, rented, and refinanced 🔥 Excited to get another  Love it!

What was supposed to be a $30k rehab, turned into a $75k one.

Keep the bank as the mortgagee on insurance.Since you are rehabbing, you should be done in 3 to 6 months anyway.

There are many problems with the concept which you have not bothered to address. 

Full stop.Here's another link:https://www.thezebra.com/auto-insurance/insurance-guide/addi...That said, let's address your scenario. 

Last year, I purchased a SFH under market at 7.65% interest rate and did some rehab to up the value.

I've managed a number of successful rehabs and put a lot of sweat into them as well.