I'm willing to bet you will spend more on the cleaning and repairs than Situations like this are how amateurs get themselves into trouble because while you are trying to be nice to the tenant, the tenant could care less about you!

As an amateur starting out, is it better to start with rentals for cash flow or flipping? 

Just wanted to spit the numbers out on here to double check before I move on.Even if the numbers were more in my favor, the mold issue altogether was a turn off for a amateur like myself.Thanks again guys and until next time.

My third caveat is that the industry is dominated by amateur mom and pop places -- so there's a lot of upside with many properties, but I also suspect that it's harder to run a self storage facility than it looks.Self storage is really an interesting market to be in at this point.

I don't want to mess it up and seem like an amateur.

Overall I think it turned out pretty well for an amateur DIY.

If pawtucket keeps moving up not going to be worth it for us amateur investors. 

I would be in favor of a minimum number of 24 deals per year to maintain your license, this would reduce the number of part time an amateur agents greatly and improve the reputation of the industry.You are in construction; you would not hire a weekend warrior with a nail gun as a framing carpenter and send him to frame a house by himself.

Just an amateur here, ask your CPA for a better answer.

Active agents resent amateurs being associated with their office.Since the agent is actually the "agent of the agency" a rogue agent can easily and unintentionally exceed policies and authorities and misinterpret use of company name, putting the broker at further risk.Since brokers require their agents to have E&O insurance, most of these carriers require regular strict adherence to company policies.