But, even if someone was I would imagine the financing terms you can get a mid level furniture store would be much better then a hard money loan anyway. 

Recently bought a rental that I am living in and will start to renting it out early next year.

We see it all the time with the conversations on what cars/vehicles folks drive :) here in BP there is a badge of honor to drive a 20 year old 250k mile car/truck :) Myself I saw my dad do some of this although he never got to the utra wealthy stage by a long shot but made good money in RE however it was not until he bought old style timeshare in Maui that he would finally take a vacation..

In 2023 I bought one house, invested in one syndication, and focused on fixing up existing properties. 

Purchase price: $186,000 Cash invested: $188,000 Bought a single family rental in West Buechel

I bought 1 House out right, I am refinancing for 100k. had 1 renter paying 1000. using the refinance to purchase the second property, and putting renter for 1400. it will also need 25k in repairs.

So upon sale, we had the option to match the highest and best offer, so we formed a new syndication and bought it back.

There is still a risk: You do not have the right outprice and lose money, your deal goes south due to unfound things when you bought it, then the rehab phase brings them up, and you spend more, and the market changes, which is something that can happen on a moment's notice.

I bought $4m that month.  

I bought the property about 4 years ago, for $100k.