Also the 1% rule is about as good as the rule thumb and not based on current conditions or current data. 

In addition, there are also different rules with regards to Timeline as well as identification that you need to follow if you want 1031 to be possible for you as an investor.

A good rule of thumb is to keep 3-6 months of operating expenses in your rental account as a cushion.Once you’ve got that covered, you can start investing the excess.

General rule of thumb that I have noticed about Equity vs.

Quote from @Richard Ferraro: Quote from @Benjamin Aaker: If you are working with a Realtor (TM), they will have to follow the NAR rule to sign an agency agreement with a buyer before showing houses.

You cannot get any meaningful answers until you specify what is your "side gig", how much money it's going to bring and how much expenses it's going to incur, and what kind of expenses.And, as a rule of thumb, unless you clear $50k after all expenses, you probably will not benefit from any entities tax-wise. 

They have rules and best practices about how we put these deals together which has collectively saved us from much of the pain being experienced right now in the multifamily space. 

I haven’t ruled out hard money lenders, I just don't know where to find them yet.

They aren't spending their own money, so they are less likely to take care of the rental or follow rules.

., formerly HHC) earning a base salary and overtime pay that are nearly identical to what you posted here.