Other distractions include non income-producing activities - aka any distraction pulling you to do something other than speaking with and following up with people.How can I prepare myself?

I typically recommend that community for people that plan to use it personally and can justify the higher HOA costs and membership fees.

Like what Joshua said, purchase price, closing cost, and agent fees are capitalized.

One of its key features is the ability to pull comps quickly while ensuring the data is updated as fast as possible.

Also, they charge a 10% markup fee on repairs.

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

I like it and the numbers look decent.Pro Forma is 7.21% and CoC ROI is 10.04%.However one of the tenants is late for rent ($1,000 in late fees this year), a smoker and their unit is hard to even be in.   

After that they get a 7-day curable notice with a $45 posting fee.

This translates to ownership or a fee, but most lenders want to see ownership.

I’d recommend steering away from condos due to high HOA fees, which can eat into returns.