If you want to enjoy it for awhile before renting be sure it won't be a "knock out" factor for potential renters.Look for ways to "harden" the property from wear and tear. 

Always enjoy helping fellow investors.

If you can handle it, you should be able to get five or more fourplexes by the time you are 30 and earning enough cash flow that you will have the financial resources to enjoy life.

I enjoyed it so much that I bought the property next door, too.  

Get a lender, enter into contract, close escrow, enjoy your new home. if you have less than 30 days, you would need the seller's cooperation to contact the foreclosing entity to see if they will postpone to give you time to close the deal. it's not guaranteed and the lender is under no obligation to do so but if everyone wins (seller sells, lender gets paid off in full, you get a home), most lenders will provide a small window of time to get it done.

They enter a quickly spiraling fraud that goes way beyond their control.Level 5 - The sponsor, originally intending to operate honestly, enjoys an initial period of great success leading them to significantly changing their lifestyle and incurring a lot of debt for mansions, yachts, trophy spouses, etc.  

So while I may enjoy knowing what investors can and can't do, I support cities telling more of my clients that they can't do STRs or at least limiting the impact of them.And you're right...for house-hackers, this opens up a lot of other properties to them.

they are so handsome, and they enjoy teaching, and..." doesn't tell me a damn thing about how good they are at getting you to make money right?

I will continue enjoying the podcast and will appreciate the creativity getting toned down a notch, as it makes the left side of my brain hurt! 

HelloWe've had great success on our two SFH long term rental properties, and one of the parts that I really enjoy in this endeavor has been the deal analysis.