As with most people starting out - having the 20%-30% equity to put in the deal is the challenge. 

The feedback I've received from people is that the legal side tends to be excellent. 

Building a team is something after you build the skills yourself, then teach them to other people to leverage more and more.

Lots of other people had bad experiences. 

Most people are not rich there, look at the cars. 

The most successful people that I have heard on podcasts and met in real estate know that it is all about getting a single here and there and then going to get a homerun while doing those singles.

Overall i am pretty sure that you and I are in agreement - people usually underestimate the expenses, so it is always good to err on the side of having more reserve.

People were so quick to say he was way off base.   

There are easily 5-6 meetings per week you can go to and learn from people who have been in this business for decades.

Interest rates have been rising, and economic uncertainty is making a lot of people hesitate.