Find a flat fee service that offers free call forwarding so buyers are able to connect with you instantly.6.

AND, I would require that there be a smoke detector in the garage that is "connected" or "talks to" the smoke detectors in the house so that if a fire does break out in the garage, the tenants can get out out before the house burns down.I would also make sure that there is a sufficient fire wall between the garage and the rest of the house.

This is what we'd call a "subprime borrower", again harkening back to the days when lots of folks got burned when the market declined and they realized they were underwater on multiple properties, and ended up losing all of their properties to foreclosure. 

Anyone can put together paperwork.The agents that give us all a bad name try to dictate the deal and try to get to closing table no matter who gets burned.

I know most lenders have 6-month seasoning requirements, but there are a few that can do cash outs at 3 months and even fewer that can do it instantly. 

It seems one downturn in a market could instantly put an investor upside down.

i meant to say, if i'm young guy or new immigrant to this country, i would move to milwaukee or birmingham instantly, it's incredible what you can buy with 150k in milwaukee or birmingham, it's equivalent to 1 mil SF in california. look at the beautiful home that I sent few days ago, the intrinsic value of that house is 120k, land value is 20k, with possibility of all remote job that's available in USA, that's crazy, think about it for a sec.US is really great because of wisconsin and alabama, in thailand you can't get similar opportunity like his.

It is important also to talk about these things online so others do not get burned.

not beginner strategies.if you have $2M in ETFs and $350K more in cash burning a hole in your pocket, buy a new build somewhere in an appreciating market and it will cash flow... because there's no debt on it.to your point, BRRRR with minimal cash flow is fine, because everything is new when you rent it out - you're replicating the new build strategy. 

So, if I did an electrical upgrade that was inspected by the town, and my house burns down for faulty wiring (that was inspected), the town carries no liability.