Other than permitting issues, where certain trades have to be licensed to pull their own  permits (electric,AC, plumbing, etc) your insurance companies will audit you annually to verify your subs have liability and workers compensation….since ultimately you and your insurance company will be on the hook. 

Even if you put $50,000 down with 4.2% interest your mortgage, insurance, property taxes, trash removal, water, owner's electric meter, maintenance, etc. will exceed $4,000 per month and there won't be any booty to pay your partners for 20 to years until after you increase rents.The property could make decent money for someone who can put $150k to $200k down and for someone who has a lot of cash in the bank for rehabbing units when tenants move, for a new roof, plumbing, repairs, etc.

Enemy method as always! 

Hello everyone,
I received a "VA-Guaranteed Cash-Out Loan Offer" in the mail for up to 100% refinance cash-out option. I'm looking for some capital to make a 6 unit purchase to increase my portfolio to 9 doors. I'm c...

It seems like you want to do the SCARLETT method, go read my article regarding this.

I am new at this and have consumed a significant amount of information over the last month or so.When I consider the BRRRR method and use the rental property calculator, the whole process revolves around Hard Money Loan and rehabilitation and renter installed to ultimately refinance.

So I have two different ideas how to get my next property and would like to hear people’s thoughts on both1 use a heloc on my primary residence for my down on one or two properties, using the brrr method.2 use current rental profit plus a little extra and save for the down which I believe will take me at least 4 years but probably 6-8 years accounting for unforeseen expenses. 

I’m really looking forward to that project getting completed. as for my renovations we did everything: (for my both the main home and ADU) Roof, siding, electrical, plumbing, floors, etc.

Do I go door to door and validate the rent and payment method?

Hi folks, I am currently doing research and looking into potential solutions and successful methods to simplify keys and gaining access to all our units.