We didn't plan on getting in to real estate, but before we could sell our first home we had close family who wanted to rent it from us!

Aloha, My name is Tanner Kimura I'm a 19-year-old entrepreneur living in Honolulu, Hawaii, with a passion for diving into the real estate world.

I'll look into that.

I'm going to be honest, it is kind of scary venturing into unfamiliar territory, after 19 years in the home health industry, but being part of Bigger Pockets gives me the confidence necessary to not give up or slow down. 

I am not going into this jungle now.

My advice for start up builder is U need to pay cash for the dirt to get your best loan terms.. also going to have to partner with a GC that has good experince your GC is going to either make you or break you as noted above.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

House hacking is a great way to get into REI, especially a multi family. 

I think most people retain very little information and put even less into action.

Hate to be the dissenting voice here, but if you fully disclose that your child would be occupying the property you might run into some trouble with the non-owner occupancy that is usually required with a DSCR loan - your child falls into the category of immediate family and many undewriters would assume that if your child didn't pay their rent, either you wouldn't evict them or you would pay the rent for them, which then affects the cash-flow on the property level, which then affects the DSCR.