It’s a level of customization that’s hard to find with the rigid terms of traditional banks.I’ve also noticed that private lenders are open to funding niche opportunities that banks might consider too risky.

But there is no black and white guidance that I could find.And, in conclusion...1st conclusion: no FICA until the child's 18th birthday.2nd conclusion: tax law is muddy (I would add two capital letters, but it's a family-friendly forum)3rd conclusion: pay your CPA, we have to deal with it daily, and it takes skill

She is also the property manager.There are a LOT of skills, experience, knowledge, and resources required to acquire and operate good investment properties.

Quote from @Marc Winter: Of course, a skill like that is marketable! 

HD actually has another level above pro. 

I put the odds at 97% an investor does very well, 2% that through no fault of Praxis' the housing market and/or the economy enter a tail-spin due to inept political leadership at the highest levels, and 1% that Brian is the biggest fraud ever to fool me. 

Having a mortgage and your normal STR insurance is already 2 levels of protection. 

This will vary greatly depending on how good you are at negotiating, how accurate your numbers are, the seller’s motivation level, the area you are wholesaling, etc.

Through my coaching, I help them leverage their skills, make meaningful connections, and create a roadmap to financial freedom, all with the support of a trusted network.When I guide new investors, I always emphasize that having the right relationships can be the difference between a good investment and a great one.

The great thing about living in a high cost of living area is that your salary / wages are hopefully also very high.If you are a new college grad, I would focus the next 1-3 years on increasing your salary as much as possible(gain new skills, new certifications, change employers, etc).Once you make more money, you can easily get in a position to buy a property on a more frequent basis.Best of luck!