Having a reliable team of subcontractors that you trust to deliver high-quality work within your timeline is vital when you begin your building projects.If construction is a new area for you, I highly recommend finding a mentor in your region.

Each piece has a vital role to play.

First of all - most people (including real estate investors) are lazy and will always gravitate towards promises of quick returns / passive income promises.But also - what you are describing is something that AirDNA does extremely well and automated - it can be a little pricy, but way way more effective and accurate to do this with that tool - highly recommended

It's extremely inconvenient for both the new tenant and myself.

On the otherhand, it the property is overpriced and the wholesaler doesn't know how to present it with realistic repairs, ROI, etc. they'll have to work extremely hard to find naive buyers.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

We got the entire overage as the payoff on the loan was over $100,000To those reading this who are newer to the space - this is extremely rare and does not happen often and probably for many will never happen.

Nobody talks about headache factor or the stress from the extremes of RE enough in my opinion. 

I've been looking at single family home prices and rental prices in Austin TX and its suburban areas, and it feels like it's extremely unrealistic to find something that passes the 2% rule.

You have enough money to furnish a property *fully*, and (this is vital) you have enough money to hold in reserves if/when things don't go perfectly, but you don't have enough to put down a 20-25% down payment to own.