A common strategy I see with diversification exchanges, is that the investor will purchase the first property cash and the second with a mortgage.

Are there any red flags or common mistakes investors should avoid when reaching out?

Rents for all types of properties have gone up tremendously in the last 5 years.

I almost never get calls, most people send a message via Vrbo or Airbnb if needed, but it it much more common for them to just instant book with no questions.

The profile of seller who uses a wholesaler is commonly anti-broker.

I do however keep a spreadsheet of the more commonly forgotten items. 

They’ll handle tenant screening, maintenance, and rent collection, ensuring things run smoothly while you focus on growing your portfolio.Ultimately, starting local and self-managing is a common path for new investors, but outsourcing property management or investing remotely can work well with the right systems in place. 

It's most common in the north-east.I assume you'll hire a home inspector.

Common sense. 

.: Joe, HML have a balloon that would be due at the end of the loan's term, commonly 12 or 24 months.