You want enough so that a potential law suit would go away if the insurance paid out.Best thing is to highly maintain your property and treat guests with respect so that no one would ever want to sue you.

Especially for your first one, they also want you to be successful!

Great interior pictures and someone does a drive by and exterior is in poor shape, no one in buying it. 

We all know one of the advantages of investing in real estate is the tax benefits.

Duplex or triplex with ADU does qualify for one of the f/f conventional products.  

My approach so far has been using my W-2 income to acquire one rental property per year.

Thank you,Phil Don’t have any experience with the mentioned mentors, but I do have 45 years experience in commercial real estate investing.Flipping (wholesaling) commercial properties require the same base of knowledge (real estate principles, real estate law and real estate finance) that is a foundational requirement for flipping residential properties; PLUS, extensive knowledge of the commercial property TYPE one is trying to engage with, and extensive knowledge of the local real estate market for the subject property type. 

One recommendation I always give to beginners is find local REI club meetings in your area.

One key piece of advice that I would give anyone looking to turn their property into a rental would be to make sure you are in a financial situation to do so.

My main Partner is Chase because gives the biggest limits great when it comes to building a relationship and getting BLOCs and other things also would recommend local credit unions biggest thing you always need to figure is the banks Cap of what they are willing to lend until they need everything Chase for example is 150k Citizen Bank if in area a great one for Blocs only require bank statements to calculate how much you can qualify for.