Currently house hacking but need to get another property under my belt Looking for BRRRR deals

Later, transition to other strategies once we get more experience under our belt. 

I’d rather have a property or two under our belts as a proof of concept before getting family involved.

@George Blower Thank you for the info.

Hopefully, your lender has a solid history of 203k's under their belt and you feel encouraged to move forward with them.

There's no set amount for this as it will vary by property and region but 20% of the gross rent would be a good conservative rule of thumb until you have a few years under your belt and have a better idea of your numbers.

Then we rented a propane tank to heat it with but had an electric blower on the furnace. 

Definitely better to have more tools on the tool belt.

Feel free to direct message me if you want to hop on a call and chat more about the market and investing in general, it's always great getting that first property under your belt! 

However, we really wanted to get our first flip under our belt, and when we walked through the property we knew it would be a great one to get us started.