I'm more cautious now in tenant screening. 

Also, be cautious of overestimating rental income or underestimating repair costs.

. -- Proceed CAUTIOUSLY as many will recommend using the HELOC for down payment on new primary home.

Savan cool well it is good to start and when it is the first deal it is wiser to be cautious and not over extend one self on the payment and rehab costs.

Even my wife says I'm way too cautious, especially on matters of money :)I'm establishing myself more as an investor at this point (finishing up a BRRRR) but I could see syndication being an important part of the portfolio, hopefully in the near future.

By the way, Craigslist can be a hotspot for scams, so be cautious.

I am very cautious with these.  

However, my perspective is more cautious, driven not just by statistical analysis but by firsthand observations in the field and insights from investors and developers across the country.

@Tasha SmithI would keep an eye out for any upfront fees as I would be very cautious to pay those. 

So, that's a state where we would be super cautious about lending in second position.