It is the rare pet owning tenant that properly cleans the tops of door casings, inside heating vents, along the edges of baseboards, and a hundred other places where pet hair and dander gets caught, so you can generally count on needing extra cleaning. 4.

I know I am splitting hairs here, but accredited only offerings do not make someone better or worse than doing non-accredited offerings.Onto a part that I can speak to: Section 8 properties take more work than market rate offerings.  

Sometimes a property will be within a hair’s breadth of a flood zone on the map, and you need to get a yes or no from an officialTutorials don’t mention how hard getting all this information can be because of uncooperative government agencies.

Good point on the importance of getting laser focused on the right market.There is a lot of incorrect information out there when it comes to price declines. 

Cat and dog hair is not your AC friend.  

@Rich Emery if you're not EXTREMELY organized, you'll spend every day with your "hair on fire", making critical mistakes that cost your clients - and you'll get burnt out.Don't forget to research the licensing requirements of PMCs. 

Hair Dresser, Plumber, anything! 

That's the short, vague version.Basically, be laser-focused on your end goal and you will get there quicker and more efficiently.FYI - Here is a historical chart of sfr prices in the Ft Worth and surrounding area.

You'll start to grow white hair during the process, especially entitlement/land use/gut-out rehabs.However, if the sponsor only buys and performs cosmetic rehabs, then I believe 2/20 or even 2/10 structure makes more sense.

Unfortunately many investors become laser focused on the 100% recapitalization of their transactions and end up working harder than those who don't place all of their emphasis on the 100% capitalization and have real estate portfolios that perform better because they made investment decisions better aligned with the underlying real estate's fundamentals.