My tips essentially boil down to the compounding effect of a lot of good decisions over a long period of time/slow and steady wins the race.

I could essentially be flushing $1000 if it turns bad.Could be a toilet seal, could be a pipe busted under the slab.

If I do I will essentially be house poor and shackled to this mortgage for the rest of my life. 

Quote from @Xavier Prieto: Nate, it's essential to recognize that the way you brand yourself online is just as critical as the message you're sending.

Even if you’re focused on Houston, the same principles apply—finding areas with promising growth and strong rental demand.Strategic Growth:Since you’re considering building up to 10 properties in the next decade, you might want to look at markets that offer both affordability and growth potential.

Factor in how much principle they would have paid off the loan and subtract that from the current market value of the home. 

Developing a solid financial plan is essential.

We use docusign to send a reservation agreement which essentially makes them sign the house rules. 

Key takeaways include:Thorough Due Diligence: Ensuring all aspects of the sponsor's background, financial health, and track record are meticulously examined.Consistent Criteria: Applying consistent criteria across different sponsors to facilitate objective comparisons and evaluations.Continuous Monitoring: Regularly monitoring the sponsor's performance and financial stability throughout the project lifecycle.ConclusionSponsor underwriting is an essential component of successful real estate and investment management.

The BRRRR method can be a profitable investment strategy but it's essential to approach it with caution.