Ask yourself: do I really have the knowledge of real estate principles, real estate law and real estate finance; the network of contacts; the experience both in business in general and real estate in particular; the time available; and the analytical ability to compete against FULL TIME EXPERIENCED PROFESSIONALS to be successful in a field where the failure rate is so astronomically high?  

This type of property would be very challenging for an EXPERIENCED investor to take down. 

We have sold a few properties and experiencing this process from the seller's side double underlined that for me. 

Working with Real Estate ProfessionalsLocal Real Estate Agent: Choose an agent experienced in student housing.Property Management Services: Consider hiring a property manager if you’re not local.Inspection and Appraisal: Conduct thorough due diligence to avoid costly repairs.6.

It also could come from not having an experienced partner to help mitigate risk. 

Many experienced investors are humming a long similar to prior to the rate hikes.  

If you're not sure of you preferred direction with your next property I would invest in understanding investing more thoroughly and read 5-10 books as well as speak to other experienced investors.

Let’s just say I want to avoid rookie mistakes before I take the plunge.Looking forward to hearing from all the experienced (or even not-so-experienced!)

But I'd suggest you definitely partner with an experienced investor.

Hey Cameron, for experienced investors I can lend up to 100% of the purchase and rehab costs on 1-4 unit properties.