A median tech salary is about $150k and fresh grads from top schools are making that much to start with. 

I have benefitted from market appreciation on my BRRRR but even with the market appreciation on top of the forced appreciation I have yet to get all of my invested money out via the refi. 

Hey @Greg Tomita, I haven’t had any one-on-one experience with cleaners or handyman in the Greater Phoenix area, as of yet (I opertae a few STR dwellings in Europe and will be expanding to top vacation locations in 2018)  but here’s a simple search query listing more service providers than one could handle.

For example, he borrowed $25K, paid me $3K in "interest", now I foreclose, have my purchase basis as $22K now, and am adding the costs of rehab and the foreclosure itself as part of the depreciable basis on top of that $22K, then will have my total basis here soon right before I put the house in service.

On top of that, any depreciation you take has to be recaptured when you sell and taxed at 25%. 

At the top of the food chain is your Fannie/Freddie product which basically has the highest standards, but the lowest costs and rates. 

The RMLO will provide you an underwriting  package with the following items: STATEMENT OF COMPLIANCE QUALIFIED MORTGAGE REPORT CREDIT REPORT PROOF OF INCOME REQUIRED LOAN DISCLOSURES SUPPORTING UNDERWRITING DOCUMENTS CLOSING DISCLOSUREThis underwriting package will also help you sell your note for top dollar if you ever choose to shop it!

Either way you are on the right track and house hacking is a fantastic way to get started.

They have other things to consider than getting top dollar. 

On top of that, you will not be faced with underwriters giving you 1/3 of the income but hitting you with the full liability.