This strategy allows for a relatively fast recycling of cash and free cash flow.The market has shifted hard and appreciation is not on the same trajectory as it was a few years ago, but it does still exist especially if you can force it. $200-$300k of appreciation on day one on a sub $1M property in the Bay Area is pretty good.

Total funding is limited to 80 percent of cost of required rehabilitation or a maximum of $30,000 per unit."

You do have to pay a fee for this, but if you have any questions on how to do it, feel free to reach out! 

Quote from @Caroline Gerardo:Having a mortgage with a low rate is better than a free and clear property.

., Come with facts, evidence.SEO for example, get the best possible quality leads and it is free... but it takes time.Paid marketing gets you ..

So, a typical budget for each of those is 5% of rental income or 15% total for all 3, which for you is $225/month.2.

Quote from @James Free: This legislative session introduced a lot of changes besides this one.

My preferred markets are in Iowa (Des Moines, Cedar Rapids), and Minnesota (Fargo, or Minneapolis/Suburbs) if either of these markets are of interest to you feel free to send me a dm!

I bet you're getting a lot of hands-on experience with those.Feel free to ask any questions you have about investing or share your experiences as you start your journey.

An LLC is not free.