I'm looking to bring on some help, and actually am going to consider bringing on a long-term tenant of mine with construction experience to help with tenant turnover, make ready preparedness, etc.Mainly just curious about the first "employee" process, and any major pitfalls or successes that other investors have realized once you have started building out your team.

Are there any pitfalls I should lookout for? 

Anything can happen at any time and there is no insurance against all the landlord pitfalls.

Most successful investors however try to eliminate or lower risk by knowing and planning for every possible pitfall.  

Hi All My team and I are looking to convert an office building (the zoning allows it) into a RAL elderly care center around 30 beds.Obviously every state is different but was wondering if anyone here has done this type of conversion and can share experiences, pit falls and thinks to look out for  

He never once asked for money but just explored the pitfalls and possibilities during these presentations.  

You know the pitfalls, right?

To have a smooth transaction and avoid some of the common pitfalls of owner financing, it’s always prudent to hire a qualified real estate attorney.Read this article for detailed information https://www.mashvisor.com/blog...Good Luck

Otherwise, you get a tax deed.There are about half a dozen traps and pitfalls where wrong choices can cost you a lot of money.

My goal is to run it myself for a year, and cash out re-finance after I get a track record.The numbers work ~ 500k sell price, 5 out of 6 rented at 950/m each. 1) it's 6 units x 1bed/1bath - is there a pitfall with 1bed/1bath units?