The actual title here is Diary of a Real Estate Rookie: My Year of Flipping, Selling, and Rebuilding and What I Learned (The Hard Way).

It is filled with assumptions that are nothing more than a guess and each assumption adds error to the calculation.

Trial and error, you are going to make some mistakes, the key is minimizing the mistakes.

Specifically it's an updated approach to a loan modification where instead of the bank having the upper hand, you have the upper hand due to the bank's errors.

Experience, trial and error, and by following the news.

im from rutherfordton, nc. just a rookie experiencing all the web has to offer, and i think by what ive read so far, this is my home!!!

In fact, we spent way too many years 'learning' about RE and not 'doing' RE... but that is neither here nor there, just part of our process... what matters is that we're taking action now...I hope some day to have a more stable platform in our RE investments to jump in and learn stocks better... but for now our main goal is survival (see our profile for our goals), not enough margin for error to make mistakes in the market.

You might consider wholesaling a couple properties and/or partnering with someone to generate some cash before acquiring a rental to give you more room for error.

Education, experience, some trial and error, or piggy back off someone else who already has a team in place.Those are a few options for you.

With some trial and error you can get a good person who will handle all the cleanings and re-stocking/inspection between guests.