At the end of the day, owners get a PM to minimize headaches. 

To minimize delays, it is important that you get approval to be a section 8 landlord from each housing authority.

It’s also great that you already have equity in your primary residence and cash available—those are valuable resources for getting started.If you’re considering a multifamily property, house hacking could be a great way to dip your toes into investing while minimizing risks.

This allows new investors to gain experience while minimizing risk and maximizing returns right from the start. 

Holding Costs - My experience with owner financing is that I can buy and sell a property in a month or less since the rehab is minimal and I'm providing the financing.

The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.

It ensures you’re bringing in responsible tenants and minimizing risks.

By tackling them early on, you minimize the risk of missing critical dates.In my experience, closing a deal within a specific timeframe requires meticulous planning.

And, considering market shifts.. what’s your approach to minimizing risks over the next two years? 

I love the idea and its really quite nice because the costs are minimal and upside is huge.