Starting with the basics like saving and budgeting is definitely a good move, but it sounds like he’s ready for some beginner-friendly real estate concepts too, like analyzing properties or understanding cash flow.Books like Rich Dad Poor Dad for Teens or podcasts like BiggerPockets Rookie could be a great fit.

Quote from @Bruce Woodruff: Quote from @James Hamling: Ok @Griffin Malcolm, ready to "Nerd-Out"..... 

It's great that you are getting ready to take the first step to house/room hacking.

.), easily get cold feet, battle financing issues or sometimes just ghost you at closing.Selling a home to a tenant is probably the better path (lease option), but you really have to work with them every month and coach them to get them ready to buy the home, otherwise, 70% will not execute. 

Communication - 1-2 weeks before a new trade starts they should walk the project with you to go through any last minute logistics and make sure they have a crew ready to go.3.

No matter the strategy so you can be ready in case anything happens where you lose your active income or a tenant moves out without notice whatever the case may be.

I live on one side of a duplex while I get the second side ready to rent out.

Quote from @Rob Gallitto: Getting ready to sell a multi-family property in Northeastern, Ohio the property has two units.

And I feel your pain.On my FLA builds my GC was very well known to me and trusted if I did not have him I would have been were you are at stalled.. but for me I just paid cash for the lots and gave no deposit to the GC ( again long standing relationship) so when he finally was ready we just funded draws on completed work .

NCM appears to not have been ready for this process since it had experienced a strong market for many years.