Also, I have read some conflicting data around cash out refinances.

Hi there,I’ve been reading various posts on this site and like the honest opinions that exist here.

While I don't have a lot of concrete achievements I can point to (due to only being 17) I scored a 32 on the ACT, and have been able to refine my networking abilities through myriad professional development events in my community over the last two years.I've been reading and consuming as much as I can from Bigger Pockets for years.

  : ) @Lance LvovskyMost US tax CPAs/EAs are extremely busy with the 10/15 statutory deadline at this point in time and getting a hold of one for a consult now will be an uphill battle.My advice, read international posts on this forum, jot down the names of CPAs/EAs whose posts you like, and reach out in a few days.

Through a bit of reading and research, I am gathering that it is much easier to break into RE investment if you already own a home.

I read property tax can be as high as 11.83%.

I've had a few discussions about the best way to create a plan in order to "snow ball" your way to owning many REI properties (buy and hold for rent).After Googling around and even reading blogs on this site, I've thought about doing something like the following:Buy my first rental property (SFH) with cash (around $60-70k) where I'd expect about $500 cashflow per monthCurrently I have about $105-110k available (after taking out an emergency fund)Then shortly after, buy my second rental property (SFH) but take out a mortgage and put down around 25% on a $60-70k houseThe cash flow on this property specifically would likely break even (at or near 0) but this would be on a 15 year mortgage and I can use some (or most) of the cash flow from the first to help pay down that mortgage faster, along with my corporate job monthly savings tooI feel I could pay it off anywhere from 5 - 10 years depending on the exact strategy If/When I get the 2nd one, then shortly after that, try and get a 3rd SFH rental property and continue this snow ball effect to build up by rental portfolioObviously this is easier said than done, along with risks and I honestly do not have any real experience with rental properties as this is my first time diving into this type of investing.My main questions would be -- Has anyone done a similar strategy to help build their portfolio quicker?

Fellow BP Members,This post is looking for inputs (or links to other threads I may be missing) regarding three inter-related issues (I do have an Attorney, Mortgage Broker, and Accountant...but sometimes I gain more clarity by reading a good BP post from accomplished investor).Example Scenario: I own two rentals in two different states (Rental A, 2-family and Rental B, 1-family) both as personal investment properties. 

I've read that you can only have one FHA loan at a time but there are a few exceptions (specifically around job re-location). 

Don't just read the lease!