Novice investors tend to ignore the beta in any given real estate transaction when it should be a major consideration particularly when working a creative financing transaction. 

Back when they were little, I had a small real estate empire growing that included 12 rental units on 4 properties but I had to burn it all to the ground (or liquidate I guess...) to get a safe distance from their mom. 

As @Ryan Kopczyk mentioned you need a HUD registered title company for closing your transactions.

Investor and second home borrowers with five to ten financed properties are ineligible for cash-out refinance transactions unless all of the delayed financing exception requirements are met.Most lenders do not link the LTV to the number of properties you have.  

Everyone deserves safe, clean, affordable housing.

Motivation: always loved houses - and when our 4 kids were small I needed to find flexible ways to make additional incomeBiggest struggles: Early on it was finances - had to work with OWC deals only - learnings: tried to absorb as much as I could from the seller perspective such as: what lenders want to see in a home, how lenders qualify buyers, what buyers want in a house, how to create a viable product with limited funds (safe, legal, and appealing)Love & Hate: love a project - finding the deal, turning a dump into a palace, and getting it sold. hate being a landlord - just not for me. 

The TRID Rule combines four existing disclosures that are required under the Truth-in-Lending-Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) for most real property-secured closed-end credit transactions.

That's what pays off.Any serious mechanical (elect, A/C heat, plumbing etc) or unforeseen major structural that I can't do well, safely or efficiently I hire lic contractors.

And as Attorney Gideon Tucker once said, "No man's life liberty or property are safe while the legislature is in session."

Transaction cost is roughly $40k, not including staging and other miscellaneous stuff that you have to prep before selling. $250k - $500k tax-free money is nice, but losing almost $50k just to sell the house may not make financial sense.Cash-out refinance or obtain a HELOC on the property prior to renting it out might be a good idea, but it seems kind of late now.