Wholesaling teaches you an extremely valuable skill in RE: How to find off-market deals.

If you start a JV in name but do not give your partners proper control and decision-making rights and the deal goes bad you open yourself up to serious consequences which can lead to SEC violations with extremely high fines.Lastly, you can offer the project up to investors who have no voting or control.  

.- Many of these HCOL areas also have strict limitations on AirBnB or short-term rentals... that do not apply to owner-occupants - thus allowing for extreme cashflow potential for house-hackers.

My experience in the last 15 years is that except in the most extreme circumstances, an investor is going to need some of their own capital to make a deal fly.

Hey Rachel,I can't help you because of the location but you're going to have an extremely tough time finding insurance for that type of risk. 

I was extremely humbled by people and their excuses when it comes to paying rent on time.

We've been extremely lucky with our first tenant- she is wonderful.

Hi Matt,If you're just getting started in flipping you will end up wasting days, weeks or even months of your time trying to find extremely high leverage.Long story short it isn't going to happen for you at this point.You need to bring some cash into the deal.20% + Closing Costs + Reserves.Once you get a good amount of flips under your belt, then many will consider you for higher leverage up to 90% + 100%

I finished all the degree requirements only to discover I was extremely burned out and had to complete another year of electives to satisfy a minimum number of credits at that university.

Hey Santosh,As of right now you're extremely exposed regarding insurance and I'm going to assume legally as well.If the home isn't registered as a legal multi-family with the town that's something you'll have to correct ASAP and make sure the home is up to code.Insurance wise as soon as they find out what you're doing they'll cancel you as the risk has changed from a single family owner occupied home to a multi family owner occupied home.