This is simply my personal choice and I can afford it.

I personally leverage, but have a large rainy day fund. 

@Collin Hays I really appreciate your insight based on your personal experience in the Smokies.

Your focus on the Dallas market and Fix and Flip projects sounds solid, especially with the DIY approach and having an interior designer on your team. 

They are either speaking out of their limited experience or claiming something is legal or illegal based on personal preferences. 🤓🧐  thanks  Scott:)

I personally own 2 rentals in Indiana.

Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

I remember some of my staff trying to rent rooms and they would get 70 applications and interview potential roommates in person to see if it was a good fit.

And now that it’s posted, all I’ve gotten is 1 hit and that person was a no show. 

I personally think it really depends on how much value will it add to the property and if the town will allow it.