Seeking a mentor can speed up learning and reduce mistakes.

We're just regular people doing the best we can, and we sometimes make mistakes.3.

Right now, all of these homes are in personal name, and I realize how much of a mistake this is and I plan to move them into LLC’s before the end of 2024.

In the beginning, I made the mistake of trying too hard to educate her.

The time for me to go to Lowe’s or Home Depot to get truss hangers and nails because the investor only got wall studs and roof truss is still a costly mistake when you look at drive time.

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!

I run a large group of Philly small landlords and see the big trouble folks run into only because they lack experience and a good coach if you can find one will help you avoid costly rookie mistakes.

@Kenneth P Ford they are a national franchise with great marketing.They also have some national support for their individual franchises, but it all depends on the local team.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Its unlikely, but still a worst case scenario imo.Section 179 will still be an option.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.