Although some unexpected costs arose during renovations, close collaboration with Carol ensured the project stayed on track, resulting in a successful outcome.

This is going to keep your bid honest, rather than lazier and keep your cash position stronger. 4) The only time you spend in this, is finding & closing on the quality assets and playing devil's advocates for repair/rehab/fixing costs.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Buy 1 or 2  house close to your home or at least someone what close depending on numbers. 

@Christopher Morris I’ve got close to $3MM under ownership but then I’ve got some debt on it.

Since they are responsible for maintaining the relationship with you after the transaction closes, this approach adds an extra layer of confidence and security to your investment.If you can't find an investor agent that you like or trust that is also a Property Manager or works under a brokerage that has a Property Management Division, I would ask the agent if they recommend a Property Management Company.

You absolutlely need to be direct to seller or have close, personal relationships with wholesalers and active agents.

I havent gotten an insurance for this and a week after close I consulted some insurance provider and he didnt offer me insurance options.

But you could call a closing attoreny and ask.. 

My tenants, who have been in the property for close to three years, have become totally unresponsive.