But the point is you need to start building a team now for when you are ready to start pulling the trigger.

I've heard of quick sometimes you need to be on pulling the trigger, so I'm definitely going to make sure I gain some experience there.

Up to this point, I have been scouring the MLS for SFH deals, and I have been thinking about pulling the trigger on a direct mail campaign in my own area of Cabot, AR. 

Like hey we know these guys are gonna pay let’s just dry and dry their pockets as much as we can. $50 is a lot to a person a month for a pet fee!

@Junior Shay congrats on pulling the trigger!

It can be a costly ordeal if a renter runs the oil tank dry and freezes pipes. 

This does two things: 1) Triggers your mortgage company to procure very expensive lender-placed coverage on the property, and 2) Raises a red flag about the title transfer.Attorneys will almost always tell you to set up an LLC for liability protection (and they're absolutely correct, if that is your only goal).

I would be doing basic repairs (dry wall and painting).

find some good agents in the areas you want, get financing ready and pull the trigger when you find a deal

Inspection contingencies are common in Real Estate and should not trigger a $5,000 increase in price.