Mistake in the filing that gets caught way late.5. just a booboo sale gets cancelled or should have never gone in the first place.

You can learn from them and hopefully, short cut the process and avoid some of the mistakes many of us made in our journey.Good luck!

Starting small and making the big mistakes early is key.

- You missed utilities in your holding costs- For your first rehab you should plan on a little more than 6 months, just in case- You might want to double check your tax number as taxes in NY can be pretty high- The biggest area where mistakes are made for new investors when it comes to flips and BRRRRs are in the ARV and the rehab cost.

After renting the house, you should be pretty dead on with your Bigger Pockets Rental Calculator Report, which I hope you used before you went under contract.The two biggest mistakes I see people make when investing out of state is trying to rehab a home and not doing home inspections.

This is a great opportunity to learn a lot and make mistakes where you wont be sweating bullets. 

Granted, this is all opinionated but to say the mall in Houston makes me think you went the Galleria, Memorial City, or Katy Mills which is just a mistake in itself.

Best case, tenant really made a mistake, and bank corrects the error they let them make, but they also may have actually stolen from you then lied to you about it.

By the end of 2017, I aim to have 56 cash flowing properties. 2018The plan: By now, I anticipate that I will have joined the ranks of those who have learned the game - I am sure there will be many mistakes along the way, but hopefully all recoverable.

This mindset allows them to learn from each step and mistake, improving over time.