A common mistake is assuming that people always behave rationally and make decisions in their best interest.

This is all calculated in the decision making of these capital raisers. 

Looking back that was still the best real estate decision I've ever made.

Hiring a property management company is a decision that requires careful thought.

Keep learning and absorbing all you can—it'll make you more confident in your decisions.

It was my habit also to instruct those who ran any business to be knowledgeable about the basics of tax and accounting in order to make better daily decisions. 

I remember when I bought my first investment property..it felt like navigating unchated waters, but it was one of the best decisions I ever made.The BRRRR method is a powerful strategy.

Do you find that certain factors weigh more heavily in your decision-making process for these types of deals?

Visit some properties, eat at some resturants, make some connections(realtors, insurance agents, etc).Once you visit the area, you can make a better informed decision if thats an area that you want to buy in.Once you did this, and you are new to buying properties, I would maybe visit the property when it is being inspected.Once you have a couple of properties under your belt, you can rely on the home inspection report.Best of luck

Tough decision at the time, but glad we passed now.