With a great deal on the first one you actually purchase, you will have created space for yourself to make mistakes.

If it's her "wardrobe", then you're mistaking "tenant" for,...

Worst case scenario, it becomes a legal battle where calamity strikes every person involved. 

Here in GA it is a cash sale at the courthouse steps.With all the guru's and TV shows pushing "flip this house" and " a million mistakes were made and we still made money " newbies feel like they can't lose trying their hand at this stuff.In the entry levels flips new investors are overbidding due to lack of experience, construction materials are rising in cost, and contractors are in big demand so they are gouging on what they charge.

Reach out to someone like @Dave Foster to avoid making a costly mistake. 

Sub s is the worst way to own investment real estate. 

And once in a while I see an appraisal that is just flat-out wrong, but it is always hard to get an appraiser to admit their mistake, it has to be pretty obvious. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

It may be a good idea to at least have a tax profession review your tax return to see if there may be any significant mistakes, or opportunities that you may be not aware of.David OrrTax Modern

Hi @Seth Sundberg if I were you I would try to avoid the capital mistake (no pun intended) that would-be international investors make.