wife and I did it for 3 years in Houston. it helped us get to where we needed to be. living almost for free we saved tons of money and started buying off market deals in cash. you can build wealth quickly and lay a strong foundation for the future by house hacking.Keep it up!

Many of the cities here have strong rental markets so it is great for investors.The area is also getting more transplants from NYC and Philly areas because it's lest costly and there are tons of jobs available.

On aggregate they offer similar terms (interest rate, terms, etc...) then "agency debt" (Fannie and Freddie), but can generally be more forgiving on the experience side as well required reserves.

Did you wait until you had enough doors with strong cash flow?

I've been told by a few more experienced people that a commercial lender would typically use a cap rate of around 8% to determine the value, in which case we'd be able to pull all of our money out and still have strong cash flow. 

Ultimately, yes, active property managers should have a strong pulse on your local market and the sub-niches within your area to help you get the highest rental income amount while maintaining the value of your asset and matching you with well qualified tenants. 

I have a strong sales background and am not afraid to talk, but looking for advice on what to say, and more what NOT to say.Any comments are appreciated!

They seem to be coming back pretty strong (although I haven't gone to one since COVID).

Meaning getting a strong liability policy on the property will protect you as much or more than an LLC will.

I haven’t even looked at properties because I feel I need to study how to find deals first.So I was wondering if any experienced biggerpockets peeps here have any strong first-timer suggestions, tips, advice, etc. for a brother on the financial IQ grind?