To qualify, you must meet material participation rules (100+ hours and more than anyone else) so that rental losses can offset active income.

@Jennie Berger The RS-3 Zone allows for Single-Family residences & 2-Flats as "Permitted Uses"; however, the RS-3 Zone still requires 2,500 sq.ft. of lot area per unit (i.e. 5,000 sq.ft. for a 2-flat) unless the lot meets the exception for the characteristic of the block as previously mentioned by Nicolas; then it can be reduced to 1,500 sq.ft. per unit in order to construct a 2-flat.

I just spoke with someone at a monthly MTR meet up I host last week who took this course.

A lot of private or hard money lenders won’t mind if you live in the property while you’re fixing it up, as long as you meet their terms.

There are some great meet ups in your area I'm sure and a lot of people at those meet ups are more than happy to chat and give ideas and answer questions.

We had about 3 good weeks and I was doing the video courses and the things my personal mentor had gone over with me when right before our 4th meeting she texted me to never contact her again and she no longer worked for the company.

Another pro for a HELOC is not having to meet a HML's requirements for a loan (insurance, draw schedules etc....)

Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings 6.

This is a great platform for networking and making connections.Are you seeking for new Invesment properties?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!