Marco/Norada Capital sends emails that my money is taken and I don't have any control over my money.  

Mostly NYC real estate companies uses Yardi Voyager and not the Yardi Breeze that most people here in BP uses.Even if you get a job that uses Yardi, you will have limited access on what you can and cannot do just because the role you are in unless you are a Controller/CFO.

The lessons you learned the hard way in 2008 will be invaluable now, and it’s great that you’re aiming to stay small-scale and within your comfort zone of Sacramento, which gives you an advantage of knowledge in that market.Given your experience, I'd say start by focusing on three key areas to build confidence and minimize risks:Budget Control: Over-renovating was one of the big mistakes you mentioned.

Most owners who do it want to keep the option of having the building vacant when they eventually sell the place since vacant places sell much more easily then tenant-occupied ones if it's a rent controlled building.

By understanding the costs you may encounter upfront, you can take control of the process.Here are just a few things experts say you should be thinking about as you plan ahead.1.

@Justin Goodrich I can speak for a lot of investors and say our biggest problems are out of our control. 

I hope you or someone is at least keeping an eye on your properties for break ins, squatters, roof leaks, temperature control, frozen pipes (if in cold climate), if you have a basement and sump pump goes out leading to water damage etc.I just talked to two investors in California that have let their properties sit vacant (no mortgages so paying property taxes and insurance).

Also don’t forget landscaping and general pest control (termites) if applicable.

A tall fence, tree, exterior paint can control a lot of things your guest see during their stay.

Leverage is a big factor in real estate investing, as investors can control large assets with relatively small down payments, increasing their potential returns (and risks).6.