Accepting late payments and fees as "additional income" is a fool's errand that will eventually cost you much more than the late fees will earn you.3.

Offer to run errands, make hardware store trips, bring capital to the table etc.

The forums and YouTube are full of people offering simple, easy ways to borrow your way to wealth, but that's a fool's errand.

Do errands.

The best tip I can give you ask a flipper or a new construction home builder if you can shadow an entire project, maybe run errands for them and deliver supplies to the job.Get on the job every day, best way to learn the process, every municipality is a little different, my experince is from Milwaukee, I would have to learn a lot, even if it were close by like Chicago.

I have come to learn that trying to understand the space time, money continuum that most contractors operate in is a fool's errand."

We are super busy, and aren't really in the business of running errands for tenants and then bringing keys to them like their own personal assistants.

With that said, looking for encouragement is a fool's errand.

thats what i actually have done is manage rehabs for my out of state investors....that face this problem Yes a local person is needed for sure....i was lucky to have a local person to check things out and run a few errands....

Those waiting for a recession will be waiting for a LONG time...it isn't happening this economic cycle, the stubbornly high inflation rates indicate that.A few points above to reiterate: (1) real estate is LOCAL, while there may be some worrying trends nationally, the Harford County market is strong and will stay that way IMO, (2) timing the market is generally a fools errand if you have a long term outlook (if you're looking at short term investments then timing factors in more), (3) if you're looking for a place to live (not strictly an investment) then there are a lot of other important factors to consider.Bottom line is that if you have the means, and if you intend to own the place for 5 or more years, I personally wouldn't hesitate to jump in.