Someone moves a dresser, or bed, scrapes it, they won't care... sorry, mark my words, accidents happen at any income!   

Advice: Treat it like a business as much as you can, even though house-hacking can feel like a hobby, stay organized, and take care of your property and your tenants (pride of ownership, people notice this), for all properties but especially for househacks.I definitely think the pros outweigh the cons, especially folks with flexibility of time and lifestyle.

No one cares about your money like you do. 3)  Discuss expectations with your JV partner. 

As you’ve done more deals, and carefully documented them and the results, your track record will speak for itself and will be a key element of establishing trust amongst investors that don’t already know you. 

there are many ways to skin a cat.....one thing you could do is flip some residential properties until you have 160k.

If the total number of properties is more than four, you may have to amass substantial cash reserves before you will qualify for conventional financing for your fifth through tenth acquisitions.Once you have launched your acquisition plan, the income taxes tend to take care of themselves.  

And, in the end, sell them.I take care of property management, finding tenants, signing contracts with them, maintenance, repairs, etc.We split everything 50/50, ownership, mortgage, expenses, net cash flow, amortization, capital gains, ...Now there are three points specifically that cause me some headache.

I took care of most of that problem by adding lock washers.

Late rent...partial payments.....tickets with the city for not taking care of the property....you having to keep on her to take care of the lawn etc...and big conflicts with your model tenants.....lease expiring real soon.......sooner than the model tenants........

Shred it for all you care.