Probably the most common mistakes made in the development business by non builder property owners.

Quote from @Rene Hosman: When I was saving for my first real estate investment, it felt like an uphill climb, but having a plan made all the difference.

When buying the house, we made the mistake of getting an inspector recommended by our realtor who seemed credible and detail-oriented but I think just wanted to get us into the house.

Just have formation docs written as "last man standing" gets it all.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

@Roy LoganIt sounds like you’ve made some great moves in real estate investing—your BRRR strategy is paying off with those solid returns.At the bare minimum, you should do the following to make your bookkeeping easier:Dedicate one checking account and credit card exclusively to real estate.

I just know that when we had french drains installed around the house foundation and redid all the drainage systems in the yard they were 4' deep and they made sure that the slope was sufficient for the task.

Man, thats awesome, I would love to start buying at PreForeclosures, how did you find the lender?

Otherwise get a glass or plexiglass cover made for the top because not everyone will use coasters.