This can end up costing you in the end if it doesn’t work out.A common misconception is that your credit score drops every time it is pulled.

Then they tell their friends about how awful landlording is, and the misconceptions spread.

:i tried the behr with the primer in it. it sucks (does not cover in just one pass like they claim).i can't believe people pay over $30 for that stuff...That's a common misconception.

-There is a misconception on how much agents actually make.

@Anthony Milin there are lots of claims about LLC's and some are just misconceptions.

@Morgan Klein @Scott Smith @Richard Sherman First there is a big misconception in what a Series LLC is.

Some don't, hence the misconception that the Seller always pays.Another misconception- Earnest $ automatically is returned to Buyer.

Most are not that way and I see misconceptions of this strategy on BP frequently.

There are lots of good real estate related choices, including: - A simple long-term rental property as you mention - Private lending to builders, flippers, or other investors - Private REITs & Real Estate focused funds - Real Estate SyndicationsA lot of people come to a self-directed IRA with the misconception that "I am going to invest in real estate and get access to this pile of tax-sheltered savings I have in my retirement plan".  

In addition to folks assuming that BRRRs are a failure if you don't get 100% of your money back, I'd add to that another misconception which is that "you need to do the refinance immediately" (or at least ASAP).