My research below from the Act's FAQ page says that the split level quadplex does not apply because it doesn't have a ground floor.

And it sounded like it applied to flips as well....so maybe look into that requirement in TX, but I would be surprised if they required a license in TX.

Some people, by nature, worry about these kinds of details and may not have the stomach for investing in a short-term rental property.

@Kelvin Letron Brantley like @Chris Mason said, most HML will look at your credit simply to determine the risk of missing payments.By nature, hard money loans are asset based.

It's just the nature of rental properties, but being proactive goes a long way.

Sounds like you mostly need a plumber and/or an HVAC contractor (depending on the township, the trade that signs for an HVAC could be a separate HVAC contractor, a plumber, an electrician, or even a general contractor) to apply for permits.

They tend to be gentler, more responsible, and the programs naturally create a network to help keep your rooms filled.

What lessons have you learned about investing in real estate that you can apply to your own residence?

Know the law, document everything, and make sure everyone on the team knows how the law applies to their functions and acts accordingly.

I would focus on a couple of markets and apply the education to those markets.