My father and I have been restoring and flipping cars for over a decade, we both have a full time job and this was just a hobby on the side.

Like one of my favorite teachers at our local investor group says, there are ALWAYS deals.

it will begin the consistent path on your way towards financial freedom.Plus, I'd rather be my own "CEO and team of executives" on decision's made relating to every property I buy, rather than some other wankers in $5,000 suits only trying to hit analysts projections so that they can get a fat check at the end of year.Thanks for readingYour favorite AussieEngelo

My favorite source for a beginner is Every Landlord's Legal Guide by NOLO.

I have a passion for flying which is not a cheap hobby.

New hobby lobby & Chick fil a just went it. - Seller just said he would take $34,000 less than advertised.

@Oscar Pinto, I agree, my friend, "Free" is my favorite price!

Type up and print out a page of tips, your policies for trash, checkout procedures for bedding, towels, dishes, Fire exits, local favorites, restaurants, coffee houses, etc.

Since it is actually a part of your property you live at, I think you should add criteria so make sure the people are compatible with your lifestyle and enjoyment of your home.Maybe value based things that would be specific to your lifestyle and compatibility:  limited number of vehicles, gone a lot, works at times that will not wake you up with their coming and going, not a party late at night person if that bothers you, a quiet keep to yourself type person, friendly and outgoing, will join you at every backyard BBQ, no noisy hobbies e.g. 

I would be extremely leveraged and a bad tenant could ruin this all before I ever get to home #3. 2) Selling it and taking ~$50K in tax-free profit that I could use to begin the BRRRR (Wife's Favorite)3) Creating an LLC and moving it under that business name even though I have a 3.25% interest rate, not including MIP of $125/month , and all commercial lenders are giving me 6.5% and higher rates.