When you do buy a property, will you be prepared to manage it properly and prevent major losses by making rookie mistakes in the most heavily regulated state in the union?

What if you make a mistake?

The mistake you're making in the math is on the first number. 20% chance of tripling your money. 

Of course I am not realtor not do I see any other reports other than probably the same one you got.I think we are seeing more inventory due to people who bought last year freaking out and realizing they made a mistake.  

We apologize for the mistake -- this was missed in the editing process.

I've self managed after getting excellent training and I still made mistakes.

I have been trying to gather as much information as possible and make sure that I don't make any costly mistakes right off the bat.

BIG mistake not to raise their rent!

If you categorize something in the wrong business on accident it is very hard to find those mistakes.

As an investor, you should only make numbers-based purchases.Also, agents are only transaction-based - if they make a mistake (or choose to take advantage of your naivete) they still get their commission check and can disappear:(So, a great PMC is often the best choice to start with, since they obviously know the rental market and they have to deal with whatever they help you buy, on a daily basis after the purchase!