I see landlords lose thousands, even tens of thousands, making rookie mistakes that they could have avoided with a little education up front.Once the first property is under contract, start again for the second.

They asked how we got a hold of a site from a private listing.

Win some, lose some.

Next, arrange a site walkthrough to pinpoint any additional needs or potential challenges.

Hotels lose money with no guests.

Our pro forma for the self storage property we built was rock solid until we opened the business and a year later I was facing losing everything because of all sorts of factors beyond my control.

So, I would expect to lose 3 months rent maybe more.

I've looked at a few of the sites and will reach out to them. 

Even getting out with a small profit will add to your return as long as you don't lose it all in taxes.

As real estate investors we lose millions of dollars on guru courses, most of which work only for a few or do not work at all.