Challenges like unexpected renovation costs and tenant turnover can arise but with proper preparation and management, you can achieve great returns.

OP obviously randomly bought a place, using hopeium as primary power of analysis, and to no surprise things did not end well. 

So many things can go wrong with a partner and it never surprises me how many people do dumb things (that you wouldn't guess by meeting them) that could be catastrophic in a real estate deal.

.- LendersI want to find a lender that I can rely to provide me a steady stream of debt and who I can show they can rely on me to provide them a good return without dealing with any surprises on my end.

This can be a huge time and cost saver, especially if you’re managing the property remotely or using property management.Energy Efficiency: New buildings are generally more energy-efficient, which can be a selling point for tenants and lower operating costs for you.Builder Warranties: Many new builds come with warranties, providing some peace of mind for unexpected issues within the first few years.3.

First of all, don't be surprised if the CPAs (if not experienced in RE investing) tell you you can't self direct, or that you shouldn't because it's too risky.

Real estate can be lucrative, but it's also important to be prepared for unexpected expenses and market fluctuations.Remember, patience and perseverance are key.

And the loan wouldn't be non-performing if it was properly underwritten.I was a little surprised by the CFPB opinion.

Christaye, Wow - I can't say I am surprised!

As you may know, a good portion of your monthly rent will not go in your pocket, it will go to the constant maintenance, upkeep, repairs, taxes and the like.Fourth, ask yourself... if you have a vacancy, the economy goes in the tank, you have huge unexpected repairs, etc....will your tenants chip in to help you out?