My wife and I live in Napa and are looking to purchase a house hack this year, we invest in gold country and would like to BRRRR another rental property this year as well.

@Max Householder--That second paragraph is gold, and I'm going to apply that plan moving forward.

In my opinion too many first time syndicators & individual buyers got burned in the last gold rush because they did not have someone on their side and solely relied on the listing ( sellers ) broker to provide them with the information.

Glad you brought that back up and highlighted it again.Pure gold!

This is regulated in our smoke/CO detector form.The forms from Wisconsin Legal Blanks are the gold standard here, inexpensive and they have been tested in the courts for decades and are always updated when state law changes (or Milwaukee County law).However, many tenants will just remove the battery or the detector alltogether.

In my opinion, they bought buildings in pockets with a history of horrible rent collection, but when you do a pro forma rent collection on paper, they look like a gold mine.

The experience is worth it's weight in gold.

Consider the project's financial feasibility - remember, only invest what you can afford to lose.Legal agreements and financing options are other vital aspects.

Pricelabs and beyond pricing are popular and worth their weight in gold. 

Please note I encourage the use of LLC's they are vitally important in your business.As to the DOS yes this most likely would not happen but with a LT you would not even have to worry about it anyways. ( Reference: Garn St Germain Act of 1982 Section 8a).