BIG rookie mistake and lesson learned. 

The worst are three person partnerships.The most stable are 10 or more.

Many times they will claim it's wonderful and then try to hide their worst deals by only showing completed deals.

You don’t have to skimp on the neighborhood or the quality of the house, but if it is a nice little 3/1 or 3/2 single family home in nice condition with no deferred maintenance, then your chance of making a mistake or getting hurt financially while you learn is limited.

WORST LEASE I HAVE EVER SEEN!

There are forms and templates and all sorts of things that when used will make you into a well-polished 'litigant'.Of course, a competent real estate attorney can accomplish the same thing for 5x-10x more than the cost of the course, in exchange for peace of mind that you'll get what you're looking for without the prospect of making a mistake or not knowing what you're doing.

Hi Josh, here are some common mistakes investors make when doing a BRRRR:Overestimating the After-Repair Value (ARV):Investors sometimes overestimate the future value of a property after renovation.

My advice is focus on getting your first property: buy the worst house on the best block you can afford and fix it up to the quality of the surrounding houses to force appreciation and build equity quickly while your housemates pay most of your mortgage.

From the City to the courts, the police, the litigation lawyers, the inspectors, the utility companies and worst of all the tenants. 

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!