By the time I was ready to jump back in and buy again rates had shot up as had prices.

Closing costs, necessary cash reserves, and the expenses to get a property market ready are more than most first time investors think.I have nothing to sell and would be happy to help if you think that I can be a resource.

I've got a construction loan each time. 

You spend a lot of time and money having people do this work, and at the end of the day you don't net any more income compared to a long term rental.

Check fees are $10**** When buying physical real estate, you must have a 10% cushion of the purchase price**We waive the first 6 transaction review fees for the life of the account.*** The first 12 incoming checks are free each year.

Any other tips for a first-time landlord?

Hello, everyone.I'm a newbie looking forward to getting started and getting my first BRRRR deal.

I'll say that again: capex often exceeds cash flow over time.

Q2 is most important: If the mortgaage is upside down, it would have to be an approved short sale and that could take a very long time to rectify.

The investors who were totally ( or at least MOSTLY) honest in all their dealings ending up with real estate produced net worth $3 million or more.I don’t know why this is, but I’ve seen it time and time again.