From there, our mastermind component really helps plug any gaps, answer burning questions, etc.

Strategies that use hope, is how people get burned, bad. 

@Jonathan S. you'll get burned if you buy real estate rentals and do not, "manage your manager".Even the BEST make mistakes and no one can catch every mistake.So, it takes a team effort between a PMC and an owner to make it work:)

I would say if you do jump in without physically going to the area...you should definitely buy in a nicer neighborhood (I hear too many stories with new investors getting burned investing in bad neighborhoods). 

If you’re trying to do everything yourself that is a sure fire way to burn out.

@Melanie P.Thank you for your response.I agree with you there are a LOT of garbage syndications out there and I know a lot of people that have been burned by them. 

U only have to be burned once when title comes back 3 days before closing ( which can be very common in abstractor  states ) only to find it title is buggered.. title companies and closing attorneis may have their process's but a good agent just lets them know this is how escrow is going to flow.. they will wine but it cost 200.00 for a title search and we dont want to spend that until we know we have a closing.

I have a buddy who invested in a project in Las Vegas that crashed and burned.

And when you go to an open forum and say, hey I have 750k to burn, you are inviting every guru and charlatan to pitch you a course or a way of doing things so you are opening yourself up to all the junk.

You should never allow a wood burning fire place in a rental property to be used by tenants.