What are the pitfalls/issues, etc.?

The goal is to surround myself with the right people so that I can build my financial knowledge and avoid pitfalls if at all possible.Shoot me a message if you'd like to chat!

Thanks @Cal C. and @Steve Vaughan  My wife and I have decent income so qualifying shouldn't be an issue at this point, but I wanted to make sure I wasn't missing other issues or pitfalls by employing this strategy. 

I have been using Bigger Pockets to continue to educate myself on the various landlord pitfalls and tips to help me remain successful.

Start by looking at a mortgage calculator to get an idea of rates and monthly payments, and then you can get preapproved to see how much money you qualify for.Get Preapproved FirstOne of the biggest pitfalls that home buyers of any kind make is searching for a property before securing financing.

But you will never learn about the ups and down and if you can really make it as an Investor.....Until you jump in the water.With that being said...Be careful there are a lot of pitfalls but also tons of profits waiting!

Hi Elton,AirBNB is an interesting strategy but not without its pitfalls.

They can help you move up rapidly, and avoid pitfalls in your career.

If you're seeking an attorney to protect your business, I suggest asking about anonymity, asset protection, and pitfalls.

@Cassandra Lesa hi cassandra, rent by the room is all that i do. there are local ordinances (normally) to watch out for. for example, they may limit the number of unrelated people in each unit to a certain number. if the limit is 4 and you have a 3 bedroom single family (one unit), that would not fly with the town. however, if you can pull off this strategy, it is worth it and very powerful. i am always happy to help. i also write for the BP Blogs. i have written several articles about the benefits and pitfalls of this strategy.