If you had little to no debt (DTI: 5%-10%), currently renting, your initial REI goal was to fast track your way to be able to quit your 9-5 job with replacing it with positive cash flow, main goal was to acquire as many doors as you could, had 100k to start, and still had cash for reserves…Would you continue renting and or seek out a primary residence where you could house hack (keeping your DTI low, so that your able to still acquire rentals) or would you first acquire income producing rental properties and then use that income to eventually help you qualify for a primary residence?

Also, look into Green Bonds or Green loans if you are adding EV charging or solar etc. as Banks like to access that source of money if you're modernizing a building to be Energy efficient or leed compliant.

I am looking to finally get into the real estate rental game and want to find a decent home with minimal work needed to make it look more modern so i can start using the house hacking strategy. 🏡 🔑💸so my question is:When applying for a loan do you go straight through the bank you you been banking with or can i go to other banks and apply?

Pro-tip: Replace your HVAC filters after construction!

Did they replace the capacitor during the tuneup?

We removed all carpeting throughout the property, replacing it with vinyl flooring.

I purchased remotely 5 unit property a 3 months ago and I have the first turnover in one of the units, looks like the unit is in bad shape and I just received a huge quote for an 850sqft unit turnover from my PM to basically replace everything... 30k quote....I need help and don't know where to start... any suggestions/advice would be extremely valuable.Thanks

Only a couple minor tenant issues, and some inevitable property updates and replacements of appliances and fixtures.

Newer replacement windows, new exterior doors (originally the building used hollow core interior doors with a screen door as the exterior).I approached the owner of next door sometime in 2019 to see if they would be interested in selling. 

Simply writing it down and making adjustments as you progress is all you need to do.For the rest of this post, I will assume that you want to create a reliable income stream to augment what you are currently earning or to replace your current earnings altogether.The ProcessThere are 4 steps, which are illustrated below.