House hacking is a great way to get started in real estate.

But I really love the results.painting cabinets I think can be very subjective and it can depend on the comps in the area your comparing your property. we also started from the ceiling and move down with this refresh— painted the ceiling and installed new light fixtures to Brighten the space—and sometimes that’s enough to “refresh” a space but in our case we wanted to move forward with painting the cabinets from the orangey oak. before after

We also had an extra umbrella policy.Now that a few years have gone by and we've obtained more assets, meaning we have more to loose, it's made since to start an LLC and start to move things under its protection.Even if you get a good management company, which sounds hard to do, you'll still have to manage them and make sure they're staying on top of things.

A condition of my financing is to have plans available for an appraisal of the value after rehab, so I'm looking to get started on drawings as soon as possible.

I would highlight this for other investors about keeping reserves and if values start to soften this is a perfect example of what can go wrong when you are over leveraged and don’t have cash.

Everyone has to start somewhere.

We started the process to sell it and this is what the buyer’s attorney has brought to our attention.

Its not that you should not start you should but you should also be realistic.

Sounds like you are off to a great start.#1 we have relatively few duplexes in the whole North Texas area it seems, compared to other parts of the country. 

Our household income is currently $320k pre-tax, but I might be getting a new job soon, which could bump our income to around $380-400k pre-tax.Initially, we planned to buy a property and convert it into a duplex, but with houses in our area starting at $650k, we've started considering a different approach.