If your plan is to rent to college students, then I think it can be wise to have in your contracts co-signed by a parent/legal guardian.

Over a 20–30-year time horizon, this alone can change your net worth by a million dollars.

Student housing can be a bit trickier as far as leases go, but typically, you would rent by the room and want the parents on the lease.

. #2) If you are banking on the fact that the listing agent is motivated by making double the money and stear the property to you.....that means you are operating under the assumption the agent is unethical and willing to do something illegal, ie stear their seller to a  worse offer so they can make more money.

Hello, so I bought my first house and before I bought it, I didn't know about the BRRRR Method.

You can get a cash out refinance with the new appraised value after three months of your last purchase and loan depending on the state (lenders are licensed state by state). 

@Brandon West, This is by no means legal advice - but my lawyer in AZ who helped me setup my LLC for my rental property told me to just reissue the title w/ the county recorder in the name of the LLC, update Title Insurance to reflect the LLC, and not notify the lender.

Of course rental rates will likely increase by the time we are ready to rent.

So, here at the 6 month check in, here are the things I've been doing since January 2024: *Anchored everything to my WHY, including the motivations and long-term strategy *Joined a local REI group hosted by my church*Researched tax lien investing in Harford County, MD and decided to not play in that space this year*Read a few REI books (Rich Dad Poor Dad, One Rental At A Time, Building Wealth One House at a Time, Wealth Without Cash, Building Real Estate Wealth in a Changing Market)*Subscribed to a bunch of good YouTube channels (BP, ORAAT, Ken McElroy, Coach Carson...)

I have a lot of cash saved up in a 5% HYSA currently and am wondering if it would be a good idea to prepay the principal by $60,000 (I would be financially fine even if I did pay this)  - which would lower the amount of interest I owe.