A misstep in the beginning can have devastating consequences to your ability to repeat, so make sure you educate yourself as thoroughly to avoid as many pitfalls as possible.

As I have gone through so many pitfalls while investing I realize that there is no way for me to know what could happen.

The idea is not without its potential pitfalls and at times you will face challenges, but if you’re smart and willing to learn on the job I think you’ll be fine.

What were the pitfalls?

A great agent will bring up and address things you haven't thought of, good and bad.They will have ideas for physical spaces, ways to increase income or reduce expenses and bring up pitfalls or red flags to address and account for.I am still seeking said agent.

Any constructive pitfalls to look out for?

Seller: "I think it's worth $200,000 lets list it at that"Agent: "OK, but so you know it comps out about 170, we need to have a reduction plan in place as well as you need to know the pitfalls of asking more than the value and a house sitting for too long....

I am not a crazy who will say one way or another that investing OOS is a terrible or a fantastic idea.There are definitely pitfalls of which you need to be mindful since there are a lot of bad actors in this space, but many people find decent returns in this space.

Find out how they are succeeding and what they've learned so you can accelerate your learning process and avoid any huge pitfalls, mis-steps, etc. 

I am just looking for info to help me avoid the pitfalls I have read about other investors falling into.