You looked past a red flag right at the outset:"When application was made tenant was I am not going to to have my puppy with me so do not need pet fee or application"Total red flag.

I've read numerous guides and watched many YouTube videos, so I have a good theoretical understanding, but I'm still unsure about the best way to start investing in U.S. real estate.My plan is to begin with long-term rental properties and then eventually move into flipping and the BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy.

Why do they want to watch a video about a rental property?

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Fix it and wait and watch?

Did I miss some tutorials everyone else has watched?

As you read these books, watch the BiggerPockets podcasts.

As you read these books, watch the BiggerPockets podcasts.

Reading and watching BP podcasts to learn.

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.