It does not appear the lender used an attorney to draft the note, as its the worst note I have ever seen for a $2M loan.Lessons learned: if you want to be a professional, then act like one.

If you want to do that, take the course and learn from them.

After time you can start finding them on your own after you learn more about the business. 

Looking for feedback from folks who have been in similar situations and have lessons learned or advice, as I am just getting started and this is literally my first post.Wife and I moved out of our first townhouse and rented it out to grow our family 3 years ago.

., rentals, flips, or house hacking] and eager to build a portfolio that leads to financial freedom.Currently, I’m learning, networking, and analyzing deals to take my first steps.Questions for You:What’s the best advice for a beginner?

A lot happens behind the scenes that clients aren't necessarily privy to and good agents spend years becoming knowledgable, learning the market inside and out to become an expert and know if a property is overpriced or a good deal, how to handle all the situations that come up and how to protect clients and keep deals from falling apart, building relationships with other agents and developing themselves professionally in order to provide value to their clients...

This is a great place to learn and to connect with people so take advantage of all the great resources.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Appreciate the advice, always want to learn as this is my first investment property!

Let me know if you are interested in learning more.