So, that makes them just as vulnerable.Of course, many people have debit/credit card combos setup on their savings or checking.

It's a business and you have to treat it that way.You start early in the day and potentially have appointments at night when people come home from work, either to meet with sellers or to take buyer's out.You can set your own hours, but ultimately, you have to work around everyone's schedule.

Well now I have a little bit of savings after working hard and saving like crazy for a LONG time and I've decided to buy a home cash in Memphis so that I have less risk (vacancies, HOA fees, mortgage payments, etc. all scare me, being a newbie, so I see this as the lowest risk way to get started because even if the home sits vacant for a year I would only have to pay taxes and insurance). 

My main goal right now is to learn the ins and outs of the industry, and purchase my first property before the start of 2018.On the reading list right now is:The Ultimate Beginners Guide to Real Estate Investing (Brandon Turner)The Miracle Morning (Hal Elrod)The Book on Rental Property Investing (Brandon Turner)Since these first posts are more meant as an Ice breaker, I'll throw out that my favourite kind of ice cream is vanilla, because it pairs with toppings so well, and tastes good by itself.

I am now in a w2 job because i now understand the power that the w2 provides for doing the BRRRR strategy since ive done that in the past. one of my partners is a contractor and a great one at that so weve been biding on homes we like on HUBZU and with the cost we save on renovation it really allows us to bid a bit higher then the others. unfortunately we have not won one of the properties but were going to increase the amount of bids we place within in our criteria.

If you are doing a BRRRR and you cannot afford the payment without the refinance at the end then you need to build up a deeper savings, higher income, or look at less expensive property.

If you don't take the FHA route, you can expect to have to put close to 20-25% down if you finance through a bank or commercial lender.If you have a steady w2 job, some savings for a downpayment, and the price is right, I believe acquiring a loan for a fourplex shouldn't be too difficult!

Ultimately we want to build up to capitalize on some incredible views with a nice deck.First post after a long time lurking.

I'd like to hear more about the deals you've done and where you are looking to go ultimately.

The reasoning presented is to take advantage of the deductions as a business as they would exceed any tax savings as individuals... again not sure?