Rhett Z Begley 1) Speak with an attorney regarding entity formation and asset protection. 2) Once you have that figured out, open a separate bank account. 3) Be very careful not to co-mingle personal and business funds. 4) Keep great books and records.

But be careful of over indulging that’s when you make rash decisions at an auction you may regret in the end.

Just be careful with an extreme rent increase. 

My wife was getting lost in the numbers and didn't care about that and she's an engineer. 

At the time I thought I might be potentially making the financial mistake of my life and I did not know anyone local to validate what I was doing.While the cash flow was nice and I had proof of concept I found that a duplex required more management attention than I could handle with an international job and gone most of the time.

get as much education as you can about the game, networking is IMPORTANT so dont leave that part out attent local meetups and rei events (the free ones ).

I have rentals set up where I do not have a PM but I have a tenant take care of a few responsibilities and pay them a reduced rent..

I'm tying to be very careful before I request any more loans. 

Do you have a relationship with a local lender that would be more willing to work with you now & in the future vs. a larger institution to whom you're just a number and they don't really care about at all.

BUT I also want to emphasize that it should be done carefully with a well thought out plan, and hopefully a plan with multiple exit strategies.