Good afternoon, I am new to real estate and investing.  

They have already called a real estate agent to list on the MLS and when the agent comes over to take the listing, they tell the prospective seller that the dog poop in the living room has got to go.The rot in the bathroom behind the toilet needs to be fixed.

Either way, if your real question is whether or not I can "afford" to buy another rental with this strategy going on the answer is yes.

I’m most impressed with the fact that you studied real estate and real estate markets for a year before investing; that you scanned the possibilities, chose what you considered the best opportunity, and went all in.  

But they probably have to diagnose their problems first.So what is the real reason 95% of the people fail in as real estate investors?

I am a new real-estate investor looking at flipping properties in a higher end neighborhood.

@Kwanza P.Here you can learn more about non-recourse loans:https://www.biggerpockets.com/member-blogs/2810/46115-real-e...Here is a list of lenders offering non-recourse financing to Solo 401k:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...You protect your property by purchasing insurance. 

Hi there, I'm David Kanarfogel, an attorney based on Long Island with extensive experience across commercial real estate and CRE finance.

If you track listings a full lap around the calendar, you get a real idea of the revenue comps in an area.

Right now my real estate portfolio is not big enough to justify a Real Estate CPA or Tax Accountant yet.