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Quote from @Zachary Dylan Nelson: You should be debt-free before you start investing.

Hi, I have a rental house in McKinney free and clear (without mortgage).

Professional inspections, real estate attorneys, and property management are essential.Good luck with your house hacking journey and feel free to ask for further assistance.

For commercial asset classes, local credit unions can often be an excellent resource for more complicated or unique property types. 

[Status]- Our current home is owned free and clear with no mortgage on it (Est value 199K).- We will keep our current home as an investment property.- We will get a new home as our primary residence (Approx  400K).- We will be taking a loan against the current home to cover the down payment for the new home.- Additionally, we will use the loan to remodel our current home and rent out. 

We are real estate investors that primarily invest in commercial assets.

Adding additional assets, a familiar market, buying a house "for free" as I call it, and gaining experience with lower level of risk How did you find this deal and how did you negotiate it?

I strongly belive in the powe rof buy and hold, long term rentals, only cashing out to fund more real estate, and the power of Section 1031 Tax Free Exchange.David KrulacBigger Pockets Podcast #82

That's all it takes and you'll learn along the way.There are plenty of books and free information on this website to help you along the way.