I was one of the few lucky ones with Safeguard as I was able to take over the management of the loan and modify it and then got a payoff.

However, there's a critical detail that many tax advisors conveniently overlook when promoting these studies.Here's the uncomfortable truth: If you're a high-income earner (AGI > $150,000) and not actively managing your properties, those promised tax savings might be locked away for years.

BAM and Praxis have definitely managed the situation better at this point in time. 

What percentage of gross revenue does an owner typically keep if they do employ a property manager?

Using 50% rule (expenses excluding P&i is 50% of rent) here are the numbers;1800 (rent) - $900 (expenses) - 1468 (heloc) = negative $568/monthAt your rent point with that size unit, your expenses will ve less than depicted by the 50% rule, so let’s use a likely more accurate 40%1800 - 720 (expenses) - 1468 = negative $388/monthNow let’s imagine you self manage and you time is not worth anything (I strongly recommend believing your time is worth less or worth less than a quality PM would charge) with 8% further reduction so expenses are down to 32%1800 - 576 (expenses) - 1468 = negative $244/month. 

You can explore bedroom rental also as opposed to the entire unit with 1 party but that is more complicated for management.

-Interest-only payments, which help manage cash flow during the renovation.

@Brian Glasser is a solid agent/project manager in KC and has done dozens of BRRRS himself there.  

SDIRA has been extremely accommodating in the setting of an eviction that occurred because the manager that they previously used neglected to tell them.

Consider starting with house hacking to reduce housing costs while learning property management, or explore mid-term and short-term rentals for steady or higher income.