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You do want to be careful though, as in a perfect scenario, you'd BRRRR the rental and when you refi, pull all your cash out to pay off your HELOC until you find the next deal.Challenge is that it's not as easy to do this as it was 2-3 years ago when low interest rates could cover mistakes.PM us if you'd like to chat about more specifics:)

Please let me know what you're able to accomplish with the platform and how much you pay for it monthly. 

If you're near Sac State students might pay more if the property is in Carmichael a family might pay more.

As of now there is an implied warranty for all workmanship, but you may have to bring the builder to court to get him to pay.  

Although we are targeting good neighborhoods for appreciation and to make sure we get good tenants who maintains the property well and pay rents on time, having a positive cash flow is an absolutely necessary piece to make sure we make money on the investment from the beginning instead of hoping to make money at the end when we decide to sell it.

If we make a mistake, it’s an honest mistake and we will pay whatever fines we must pay or fix the issue.

Joint venturing, paying a larger sum at the end, hiring contractors on credit are some ways I know.

REPS is tough to qualify for if you have a full time W-2-paying job or company outside of real estate.If you get trapped with PALs, consider utilizing 1231 gain in conjunction with long term rentals.Current year deductions are only great if you can use them now! 

The only real way to protect yourself is to have the tenants pay for their own utilities.