The biggest thing that frustrates me most about the guru's is how most are not transparent about all things notes, yet they send post after post on LinkedIn or FB wanting you to watch a Podcast or something else about how much money they made on notes to get you sucked into their web. 

•Filing Form 3115: Instead of amending each prior year’s tax return, you can file Form 3115 (Application for Change in Accounting Method).

Your property might be legitimately worth $1,500 and the tenant qualifies for $500 in assistance, but can only afford to pay another $500 for a total of $1,000, they won't approve $1,500.Unfortunately, you can usually only find both of these out when you have an application and lease signed from a prospective tenant and submit it to the local housing authority.

I’d love to hear about the red flags to watch out for, so I can hopefully avoid the same headaches.For me, clear communication and transparency upfront are key, but I know not every lender operates that way.

Just like everything else in life, get started, keep honing those skills (i.e. keep reading, keep learning, keep attending the meetups) and watch yourself get better and better witch each property you buy.I hope this helps and good luck on your real estate journey!

Application of the 70% RuleWith this in mind, let’s examine the application of the 70% rule.Housing inventory price pointThe 70% rule can be adjusted, depending on the price point of the housing inventory.

Adam has the simplest answer.You can buy the parts yourself, watch a YouTube video, and replace them yourself.Go to Google and search for "appliance parts" and find many companies selling the parts.

@Bryan Schwartz a lot of trial and error - and even then, you have to watch them as they get greedy when you aren't looking.Try going to Home Depot Saturday 6am - those are the hard-working guys!

all the videos I watch don't seem to make sense to me.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).