I also had the ability to recollaterialize (or move) those notes to another or more than one property, as long as there was equity and cash flow sufficient to pay the notes placed thereon.

Ultimately this person should free you up to work on much higher $/hour tasks, so a couple dollars per hour difference in wages is not a big deal.The biggest 3 mistakes I was making (and I think many others make) are:1 Micromanaging2 Expecting a rockstar3 Not providing sufficiently detailed instructions

It's near impossible to do a low down 3-4 unit in the Bay area because of the self-sufficiency test (If you plan on using an FHA, ask your realtor if you can do an FHA for 3-4 unit; this will easily separate out experienced realtors from others).

If you only have $5,000 liquid, you probably should evaluate whether you are sufficiently capitalized to do house flipping.

Your learning curve for the next asset class is shorter and flatter than the first, and easier for the 3rd and 4th.You get in trouble when you try underwriting an asset class/location you are unfamiliar with without sufficient checks.

To put this into perspective, the current requirements stand at 15% for 2-unit properties and a substantial 25% for 3-4 unit properties.This change directly addresses the self-sufficiency concerns often associated with FHA 3-4 unit properties, benefiting both buyers and sellers in the process.This program has no max income requirements, and no first time homebuyer requirements.Very exciting news!

Would they be sufficient for renting out rooms?

Since most garages (stand alone) do not have water, sewer or sufficient power, there is more to the project than just the remodeling.See if there are any in the area you are looking at as that will tell you if it is something that makes sense to others or has been discounted by others before you.

Some things such as not writing the date of the posting, even though the posting has the date in the body of the form is not sufficient.

However, it sure is nice to sleep at night knowing if something happened, I have created a passive income stream sufficient to provide for myself without a job.