I heard a podcast a while ago and the guy had focused exclusively on them, nickle and dimed his way into financial independence. 

I would imagine  my rate would be higher if I go that route and I'm also not sure if that would affect my ability to get approved for a 2nd mortgage..Income Source: Salaried/hourly W2, 1099 independent contractor (what industry and how long?)

It saves us $100, which is nice, but I am concerned it will cause some sort of headache down the road that will FARRRRRR outway the hundred bucks :) Does anyone think this will cause issues with refinancing or selling these properties independently down the road?

You can also set your own lease amount independent of the local market. 

My long term goals is single or multifamily houses to become financially independent (like every other aspiring graduate xD).After I graduate I plan to hang out in the San Diego area, hopefully find a property to house-hack (though I realize that multifamilies are crazy expensive, so I'm looking for alternatives).

I wanted to share some of the tactics that have helped us collect over 99% of rents, and would love what you have done to increase collections, so we can all learn from one another.Here it is:- early birds discounts of $50 per month (if someone paid rents in March for April, they received a $50 discount)- flex payment plan - tenants who lost their jobs can make partial payment and the rest of the unpaid rent is amortized over the life of the lease- sharing valuable information with our tenants re the PPP/EIDL loans for small business owners and independent contractors, nearby charities that provide food and necessities, information on unemployment applications, local businesses that are hiring right now, etc.- Walmart gift cards for tenants who have lost their jobs- switching to Rhino to allow tenants use their security deposits to pay rent in exchange of singing on a rental insurance ($5-$10/month)- keep an honest and open line of communications with our tenants, and letting them know we are there for them.How did you handle rent collections? 

Much has been made of the struggles of tenants facing financial hardship and many landlords have been placed at the mercy of the now-exhausted small business relief funding or forced to renegotiate with their mortgage companies independently when rent payments have come up short.

If you are not using a realtor, insist on an independent appraisal and a home inspection. 

I'd be cautious about doing a cash out refinance too close to the sale or purchase because under audit, the auditor could possibly view it as attempting to avoid taking cash at closing because that is taxable.

@Jeffrey A DeAngelisIf you're selling to the independent middle person/entity solely to skirt the IRS's SDIRA rules, then yes, it violates the spirit of the rules, and yes, the IRS has seen this tactic before.