Consumers make the mistake of thinking that 4% is the interest rate and compare it to other interest rates; it is an upfront fee.Yes, it is very sneaky, but credit card companies are fantastic marketers.Also, the big thing with credit cards is what happens after the 0% period when you need to transfer again, and your credit is much lower than before.

(water is your worst enemy outside of vacancy)A: "funny you ask, as you can see the wall is patched but not finished or painted from a leak that happened upstairs, it's been that way for... 6-7 months."

@Chano SocarrasIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

It would be foolish that any syndication would not assume worst case scenario of rents coming in and be able to cover their debt for a fairly long period.

In the worst-case scenario, I might have to deal with negative cash flow and stay in the property longer than planned, delaying my second investment until I find a good solution.

That's a rookie mistake.

Because it really should be called Vacancy/Tenant nonPerformance+Damages.In ANY market, if you target the cheapest prices you will get the WORST: Neighborhoods, properties & tenants.Doesn't matter how smart you think you are or how hard you work, you will NOT get Class A performance from Class D!

Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly. 

Be sure to be conservative on your projections and stress test the property to see what worst case scenario would look like. 

After Browsing through many discussions that pricked my interest one stood out among the rest and that was "The 5 Biggest Mistakes New Investors Are Making Here In The Forums" by @Jonathan Greenewhere he wrote about1.