Not having sufficient contacts or referral base5.

Notes to take away from first investment 1) FHA financing is very strict on self sufficient 75% to value rental income verification.

As the article states, it's statistically low and most of the problems appear to occur when host and guest sleep in the same area.

And also I learned about how I just can't buy a 6 bedroom house rent all the rooms and sleep in the living room.

But you mentioned wanting security so then do one with 20% down if that helps you sleep at night.

Of course your dad can BRRR two properties at once, assuming his funds are sufficient.

Sleep on it, digest the feedback, then pull (or don't) the trigger.  

@Colleen F.Thank you very much Colleen, this was very helpful.I guess there is just one thing I need to make sure whether heat pumps can generate sufficient heat during winters here in midwest.

Sleeps 12 and we provide everything, so totally turn key for guests.  

So, some investors choose blanket insurance policy of $3-5 million or more.Other investors use LLC's and put various numbers of properties in them.Which method allows you to sleep best at night?