It's important to educate yourself on how to prevent it from happening, and then being prepared to act quickly and decisively if it does happen.The problem is pervasive enough in Cleveland that a Google search turned up a lot of news articles, helpful blogs, and other resources.

Excited to start once my preparation meets the right deal.

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.

Besides real estate investing we are passionate about family, small farming, growing healthy foods, and building community.

I also have plenty of capital prepared for my first investment!

When people express interest (no pun intended), you should have a package prepared to share out (not right away necessarily - but after you've entertained the topic at a high level) that includes your project experience (past flips) and schedule of real estate (rentals) as well as settlement statements that can back up your purchase price and exit.

We were pretty prepared with our background in construction and real estate, but we all have lessons learned.

Before getting into them though I would prepare to reach out and connect with dozens of contractors.

I am already preparing for the next round.

I communicated that I was preparing to take a loss on the flip and she agreed to list for a 1% commission.