Once the investor understands these three FOUNDATIONAL aspects of real estate investing, they can comprehend the creative and wealth building techniques and strategies and successfully apply them to individual deals.  

This is an interesting project with several aspects to consider.

Many hosts struggle at the beginning because their listings don’t match the local market, so taking the time to get this right before launching is crucial!

Once you have a clear understanding of your goals, it's crucial to assess your risk tolerance and investment horizon for each one.

As a real estate investor, understanding both the Debt Service Coverage Ratio (DSCR) and Capitalization Rate (Cap Rate) is crucial because they serve different purposes in evaluating and financing investment properties.

Ultimately, it's crucial to weigh the potential costs and headaches against the potential return on investment.

Hey William, congrats on setting yourself up to jump in - Building a strong team is crucial for a successful BRRRR strategy.

Just make sure everything is well-documented and compliant.I want to reiterate how crucial it is to maintain a close relationship with your CPA and keep the communication lines open.

Be careful that you do not pump money into a program claiming to make you an investor and provide help in doing so . . . it will quickly become your fault for not being successful when you question things and the mentor aspect offered will disappear.Find local investors, get the foundation you need to focus on your area and stay positive in the journey,. 

It took about 6 months of which I did the majority of the work but I was able to turn it into a 3bed 2bath house and sold it for $140,000.00 and a nice $50,000.00 profit.Now I was hooked on distressed properties but had decided I didn't much like the selling aspect of it.