I would say there are a few things you need to watch out for that would make this strategy viable:Buying the house below market valueRehabbing it won't make your investment more than the ARVRent income is enough to cover hard money monthly payment or you have means to pay it back if the rent from this property doesn't fully cover itMake sure you are fully capable of refinancing.

But to build a unit without permits or inspections is what the guys who faced the Ghost Ship fire in Oakland did and take a look at how screwed they are now...

I don't think you should run.. but you should definitely ask yourself if you are willing and capable of handling these type of tenants?

Well, the saying goes "the only ship that won't sail is a partnership".  

I really proved to myself how much I am capable of, when sufficiently motivated.

Hello everyone, I’m creating a partnership with the intent to purchase a house. As many of us know, it is significantly easier to get financing in your own name as opposed to an LLC. That said, if I were to secure a l...

For the sign, I did the artwork myself, uploaded it to Staples, and had them print and ship it - they were the cheapest that I found at the time (mid-2017) for small quantities. 

This comment comes from an experienced Investor capable of doing my own inspections.

You are capable of doing exactly this same thing. 

-Recent graduate who studied Social & Economic Development and Urban Blight-Excellent credit score-Total student debt is under 30,000-I live with my folks and do not pay for rent/food- I have savings- I know what I want to do with the properties -- I know which areas I want to invest in/ target -- and I am determined, capable, and able to research...Any advice would be greatly appreciated!