Account Closed maintenance is the biggest challenge in the PMC industry.Never fast enough for the tenants, or cheap enough for the owners.Time = money, so most PMC's charge for drive time or they charge a minimum trip fee.Another challenge is figuring out what tenants report for maintenance issues.

Flipping of course can alleviate some of those concerns, but long-term wealth creation for most people will be done through long-term property ownership (some of our students at FlipSystem who have had success flipping are now using those profits to roll over into long-term rentals as well so they can benefit from some of the tax benefits and appreciation of property ownership).A collection of 3 properties, especially 2 in the Bay Area (I’m assuming those are definitely not cheap), is an amazing start to a portfolio!

In Michigan you can purchase Renters Insurance pretty cheap via your auto insurance policy.

I own it outright and acquired them cheap.

My vote: Let a title company do it for you for cheap, just give them the terms and they'll draw up the paperwork and make it nice and easy for you both to just sign on the dotted line.  

Do not pay for cheap leads.

The investment into the mastermind was not cheap, but ended up being the best money I've ever spent.

In many states I get people 90%/100% even for beginners, CA is not one of them however has investing in that state is often pricey and lengthy timeline wise.In smaller markets between the ohio valley and the colorado rockies, there are pockets where newbies can sneak into the game for cheap and for quick. 

We don't have enough days of sunshine, and we have relatively cheap electric and a mild climate, to justify the cost. 

Don't just buy a house because it is cheap, everyone has posted good advice here.