Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

They hire rookie agents who haven't a clue how to evaluate a rehab property, they overprice the ARV and drastically undercut the rehab numbers.

Yes, I’ve listened to BP Rookie podcast, currently working on the other segments 😄 I’m also a part of WA REI fb group.

So many rookie moves, and so many things I'm kicking myself over, but I share this story so others can learn as well, that even in landlord friendly states, things can take a long long time.

I am a rookie investor currently house hacking. 

Hi everyone (and thanks for the time and support you guys give to the rookies),I am in the same situation of Luke E.

Rookie mistake No. 1 is to spend too much on their first REHAB; after living a few months in the property, make a scope of work and a game plan.

Most of them will download a template and plug in your information and don’t check a lot of errors.

I have found a number of other users posted this question in the forum over the years but I cannot find a resolution anywhere.The way the Rental Property Calculator derives the "Profit if sold" number seems to have an error in it if you are using the function to increase the rental rate and expenses each year.

I recently listened to a real estate rookie podcast in which the new investor was looking for a similar property and mailed out letters to specific properties in a specific neighborhood in order to find off market deals.