Hi community,I just closed on my first investment property and it is a house hacking project. What learnings have you had that you wish you knew after closing your first deal?!

Multiple escrows and huge profits.Shame on me for being dumb enough a 2nd timeIts not like I am a rookie.

I think Q paid dearly for errors he did or did not make.

You could read 100 books and still need to learn more because certain things must be learned through trial and error.

While many of these issues are important considerations and should not be ignored or overlooked, there are other more crucial criteria that you must question and evaluate first.The critical risk criteria that you must review and evaluate prior to making your final decision on which 1031 Exchange Qualified Intermediary to retain includes, but is not limited to, the following areas:Technical capability of the 1031 Exchange Qualified IntermediaryInternal processes and audit controls to safeguard your 1031 Exchange funds and assetsUse of Qualified Trust Accounts or Qualified Escrow AccountsDecision criteria and guidelines for investment of your 1031 Exchange fundsProtection from potential errors or omissions by the Qualified Intermediary (E&O Insurance) Protection from potential theft or embezzlement of 1031 Exchange funds (Fidelity Bond) An experienced and professional 1031 Exchange Qualified Intermediary will understand these concerns and should be happy to discuss these crucial issues with you.

Also, does anybody else get http error 404 when using FF?

Tradeoff is you will have thinner margin for error, maintenance, softening market, etc.

Over the years I have found that relying on the integrity of a tenant is often a costly error on my part.

We’d appreciate any advice, insights, or resources you can share to help us make informed decisions and avoid rookie mistakes.Closing:P.S.

Now, youre under the gun on a refi needed to finance another purchase and the loan you were counting on isnt - and never was - available to you because of an error that wasnt caught due to a lack on internal quality control.