I usually work from home and have plenty of time to let them in.  

I suspect I could easily manage 20+ and do rehabbing while working full time and spending plenty of time with the wife and kids.  2) My lease clearly spells out what is an emergency and what is not.  

There is plenty of $ to be made for everyone, and creating win-win scenarios is the most fun anyway.  

That would be true if all you did was contribute, BUT you can also 'roll-over' many kinds of plans into a SOLO401K (except ROTH, I learned the hard way with that one :-( ).So, if you have say 100K in an IRA, but only make 5K from your self employment work, you can roll that 100K over AND contribute a few thousand of your SE income, and you have plenty to invest with.

I have found plenty on BP about turning basement well windows into egress windows, but my question is really more of a liability question.

I start looking 2 months ahead to insure I have plenty of applicants and that they have given proper notice to their present landlord.

@Damion Anderson, there are plenty of "action" steps you can/should take BEFORE jumping in head first.

He makes plenty of money and still has the credit to do it.

Plus, if the worst case-scenario happens and you need to fly out there to manage some catastrophe (squatting tenants, contractor going rogue, interviewing a new property manager, etc.) your work may not allow you to take a week off to do so.But, the good news is there are plenty of opportunities in your own backyard.Every single week I analyze every single 2-4 unit property from Placer County all the way down to Merced.

After spending a few years following BP I've finally completed my first rehab and flip and now I'm looking at multi-family units to buy and hold.I'm wondering if anyone has run into difficulty getting a conventional FHA loan even when they have plenty of capital for the down-payment and a low debt to income ratio?