Be on point with screenings, but at your age and naivety, you may want to ask your father who he uses as a real estate agent to do the screening for you.We've all been there, and we've all made the rookie mistakes.

I will not make that mistake again! 

Best of luck.I manage this property by myself and making all repairs as well.But now I see where is my mistake. 

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

I made the mistakes early on of just looking at cashflow % and its still a very important part but definitely not the bulk of return.

In the grand scheme of things it would be a small cost to fix their mistake, and instead they have turned off a loyal customer from ever using or recommending their services again.

remember your first home is not your forever home, it's your first rental so it doesn't need to be everything you want.look for homes where the bones are good, but cosmetically needs love. don't by pre 1960 if you can help it. you'll end up just having to replace all the guts like plumbing and electrical at some point. it's inevitable. look in areas where the path of growth is headed, but might not be currently. think 5 years out. look for resources like your local chamber of commerce to see what businesses are coming in and where. your city planning office should also be on your call list as they can help show where most permits are being pulled for development. follow the money. go to local investing meetups. crowdsource local knowledge and form meaningful relationships. those who've gone before you typically will help out and help you avoid the mistakes they've already made. onward.

Attorney makes mistakes too.

@Michelle Martin sorry to hear about all this:(As mentioned already, create notes - we suggest using Excel to build a timeline with: 1st column date2nd column summary of what happened3rd column copies of supporting emails, pics, etc.You can color-code the rows for even easier tracking.What has previous PMC stated about their mistakes & "fraud" repairs?

A big part of tenants treating properties badly is because people didn't screen the tenants adequately, so don't make that mistake.