Accepting a risky tenant with a pet is a big mistake.

This is a mistake I made when I first started out.

Then, I was able to put a mirror cabin in the back that brings in almost 100k a year.My mistake in the end was I should have build a more equitable unique cabin instead of the geo dome to start but I also love my dome's performance.

@Jaden Jung many newbies make the mistake (often financially fatal) that assuming investing in real estate is like investing in mutual funds. 

For example, don't have your CPA firm do your books, why because if there is a mistake they won't catch it. 

Hello all,You know all the mistakes that REIs make? 

Granted that relationship likely took years and a few transactions to cultivate.The 3 biggest mistakes I see new investors make when "shopping":1) Tunnel vision on the interest rate. 

But remember, every investor starts somewhere, and mistakes are part of the learning process.

- What are the biggest mistakes you've seen a client make with a fix and flip?

Too many landlords lose tens of thousands with common mistakes due to lack of education.