This industry is not for the weak but for those that push through and have the abilities there is a place.Best suggestions that I have read on this thread.1.

Of course like you said you might have to secure the line of credit. with the ability to have "cash" available to me is worth it.I am interested to hear what other people have to say.William Lees Jr

I didn't verify that my accounts had been deactivated like I should have, so I got a bill for water about a month and a half into their occupancy.We let them know about the mistake, they were happy to switch it over.  

Get a mentor to help you and always Check with an attorney to assure you are in total compliance.I build new for rental primarily for the following reason: 1) I am a builder and have the KSAO's (knowledge, Skills, Abilities, and Other) means necessary to efficiently and effectively build; 2) I buy all my land substantially below market value (usually off-market); 3) any land I buy at market has an immediate value-add component that can quickly make it worth more that what I paid for it; and 4) Cap Ex is generally MUCH less for new construction which means a stronger cash flow up front, but you are always going to need to maintain a suitable Cap Ex account if you are truly going to hold for more than I'd say 7-10 years.... but everybody has their separate opinions and thought process concerning what the "right" amount to designate to Cap Ex is proper..... 

NG does not send an email or a text stating it did it and just sends you a bill (eventually). 

Most people don't have the ability to do an all cash offer.  

I have found that my interests and hobbies change often and they don't always seem to align with an ability to make money (besides perhaps being a nerd for personal finance and finding new ways to be frugal).

@Christopher Smith,I just signed the order and a bill of lading for a whole tank truck of Kool-Aid for you.

Then it would effect her ability to find a new place with a housing  blemish.Cash for keys and then change the locks.

@Valerie KingOne major benefit of house hacking is the ability to finance the property using low down payment loans; most common one is Fannie Mae.