I didn’t acquire my portfolio by being some sort of an investment genius, rather, I just used profits from my business to buy whenever I had an opportunity.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Everything looking too "formal" doesn't really build any sort of a personable interaction with the mail.

I have a tenant who’s also a property manager of sorts for me.

The sort of situation where you think you're buying in a B neighborhood but it's more like a C/D.My simple advice would be to find a property in Saint Louis County school districts that have access to areas of the city where the most jobs are located.

Blue State landlords are using the Govt to strongarm the tenants to make more money....in a backwards sort of way.

Now we have all sorts of fake lenders trolling SM sites promising the moon telling folks what they want to hear and scamming them out of small and Big dollars some of these folks lose 10s of thousands to these folks.. with the  line  " Hey its going to fund next week just need another 5k for some BS item"

You may also be able to take a higher interest rate in exchange for lower closing costs, not sure what sort of rate you're currently being offered.

What to Stay Away From: Are there any red flags or pitfalls that I should be mindful of when selecting properties to flip? 

In the sales contract the option to limit the seller to retaining the deposit instead of suing for liquidated damages is usually selected.