My husband and brother both have extensive backgrounds in construction, while I have experience in design, so I am very confident that with the updates we would make, the house could be worth over $900k.

House was in rough shape and required an extensive renovation.   

To make sure the promissory note is legal in this instance and how it is set up.

But also if you come across a deal don't shy away or run from it because you don't have an extensive Buyers list.

Identify a market where you want to invest and focus on networking extensively.

For instance, a lot of our house-hacking clients in Denver or Colorado Springs want a home with a basement apartment.

I have seen in many instances people sell properties to borrowers who would not traditionally qualify for the loan.

Also it's a good time to look around to see if the tenants have a bunch of stuff plugged into an extension cord somewhere in the house - new service, old wiring, and multiple devices on an extension cord pulling juice from knob and tube wiring is no bueno.Do not call your insurance company about the repair!

Despite being very careful, there have been instances where I accidentally took money out of the LLC instead of my personal account via PayPal or Venmo etc.

@Troy GandeeYou make a great point, and this sometimes is where people get stuck - in many instances people rely on their interpretation or opinion of things - but In reality if you are the only person or minority who holds that opinion and everyone you need to do business with has a different opinion - you can argue till your blue in the face but if everyone around you who you need to close a transaction will not do it, does it matter what your opinion is?