You may also want to check into the regulations regarding an ADU.

If you originally bought it on a mortgage you had a down payment and maybe some renovations that you paid for so after it is renovated and rented the theory (and in practice) is the home is now worth more and you can refinance it again, pulling all/most/some of your money back out so you can then repeat the process.

I wonder if it ties into Chris’ points above from what he learned from his attorney.The simplest explanation I can provide is this: Both Dodd Frank Act, and the regulations issued by the CFPB put very specific restrictions on financing of consumer residential properties.  

more regulations for rental properties? 

Lets say they do pass Biden's tax plan more regulation and higher taxes means it will constrict goods and services even more. 

I am thinking to move to New Jersey and would like to continue my real estate practice in New Jersey.

It is not a common practice in Austin but there is nothing to prevent you from doing so

I have a very busy accounting practice and it is easy for my focus on real estate to dissipate.

I’ve read a couple blogs, books, and listened to tons of podcasts but still have some trouble grasping a lot of of the concepts but I’m a very practical learner and hands on experiences work better for me.

Hello All, I am a first time real estate investor that is looking for information on best practices for setting up a checking account and arranging payments from tenants to be received on mobile apps.