I've seen landlords live in blissful ignorance for 5-10 years due to dumb luck, then their world comes crashing down and they lose everything.I have a book, there are some in the BP bookstore, or you can check out one of my personal favorites, Every Landlord's Legal Guide by NOLO.

If I were you, I'd check out Mike Curadossi's website: https://section8doneright.com/.

I checked out the app for you.

He was working full time too, but the excitement (and nerves) of closing on that property had him checking calulations day and night.

Double-check the ARV by comparing recent comps in the area to make sure the numbers add up.Run your numbers again with all costs (purchase, rehab, holding, and resale) to confirm the margins are solid.

Definitely worth checking out.

Yeah make sure to thoroughly conduct background checks on private institutions you lend from.

Lesson learned, check your numbers more thoroughly ahead of time and actually do your research.

I’d recommend confirming the scope of work and checking with the Tennessee Board for Licensing Contractors to determine if a license is needed for your specific project.

One thing I would add here is to check prior landlord references, not just from their current one.