But he stuck with me I had a 1 mil credit line that they kept in place so I could make money it was on 90 day extensions for 3 years :( but if they had not done that I would have had to give them the keys back on a few commercial buildings I ate 250k negative cash flow on those buildings to make sure the bank got all their money..

She was out with her girlfriends and got drunk and couldn't put the key in the key hole. 

Also, monitoring contractors/sub contractors and keeping everything on schedule can be very difficult remotely.If you're buying turn key properties out of state is fine and a property management company and a good handyman can resolve most issues you'll run into.

I’ve been down this road before, and I’d love to share some insights that worked for me and others I’ve helped over the years.When you start paying yourself, the key is to separate business and personal finances as much as possible.

I was talking to one of my Turn Key providers I have funded over the years just yesterday..

The key for him?

Here are some key tips and insights for getting started:1.

Negotiation is a key skill in real estate.

Some insurance companies offer policies specifically designed for owner-occupied multifamily properties, so it’s worth asking about that option.The key is ensuring both your personal residence and the rental unit are adequately covered.

Need to be sure you include the "unknown budget" and never take the optimistic approach as it is better to have money left at the end than writing more and more checks that were unplanned for.Again, if you can walk through an actual property and compare notes with someone that does it in your area (key factor), you will be way ahead of what a generic book can give you.