My knowledge of this is so minimal but I am excited to learn.

There is no obligation to finance a property to the maximum approved amount.My thinking has always been that I would much rather have all my capital out of a deal with minimal cash flow than have dead equity stuck in a deal collecting dust.

.- The vehicle as you'll purchase it has minimal tax advantages.

It's possible to do a 3/2 for 150k with almost no extras but that is construction cost only with minimal expense for septic.

This is a great strategy and much less risky than a full rehab.The key or challenge is finding good houses under market value that need minimal cosmetic repairs.

We drive to the rental property, so our travel expenses our minimal.

House Hacked as I learned to fix the property myself to minimize expenses.

Anyone got ANY TIPS AT ALL to minimize wasting time with UNQUALIFIED and/or UNSERIOUS tire-kicker buyers that call you?

@Ryan Rossi, if you can tough it out for a year in the house, you'll at least only pay the long-term CG taxes, which may be minimal depending on your other income.Why refi?

You can put a bigger downpayment on new props to minimize your loan payments so that if you have vacancy it's not as big of a hit - there are a lot of ways to arrange your debt and equity so that you're putting that capital to work using 'OPM' (other people's money - in the case the bank and the tenants who pay the loan for you) while still having enough of a safety net to feel confident moving forward.