Hey all, I stumbled upon this site after getting lost into a rabbit hole of Youtube videos a couple of months ago and immediately related to the majority of people on the videos, podcasts, and this forum.  

Ideally I know private money is best so I would pursue that first.

@Carlos Contreras ideally you’ll want to find a property that has split utilities, but it all depends on what is norm in your area.

I want my children to learn a lot from my real estate journey so I have my daughter remove all the dead space from my podcast videos which takes a lot of back and forth and she learns a lot in the process.You are correct about spreading knowledge.  

@Michael DeLaMarre same here ideally I really want to get into a brrrr to hold as rental but still new to investing as for now doesn't have the knowledge or the resources to get into one hopefully thru bp community I can get into one soon. 

@Ryan ClearyYou are not necessarily taxed on "cash flow", you are taxed on taxable rental income.some differences between cash flow and taxable rental income.Principal payments lower cash flow but do not lower taxable incomeDepreciation does not lower cash flow but lowers taxable incomeRegarding how much you should put away for taxes, the ideal situation is $0 but only your accountant can answer that.That is dependent on what federal and state tax rates you are in and what your net taxable rental income is.

Ideally you extract all of your investment at the time of the refinance, but I realize that is not easy. 

Hey Nathan, I used the 4 square method that Brandon did an example of on YouTube and followed that guideline with vacancy and everything else that he mentioned in that video. 

At that point, having money, ideally passive streams of income, becomes VERY important. 

Lastly they'll look at your credit history, the length, score, DTI ratio, etc. ideally you've had a credit card, small auto loan, anything that shows you're a worthy borrower.