It also could come from not having an experienced partner to help mitigate risk. 

These are great for experienced flippers who can handle the tight timelines and costs.Private investing usually involves individuals funding your deal, like friends, family, or networking connections.

- Good source to find reputable and experienced small multifamily builders once we firm up a specific market?

The right team should have every system in place for you to be able to go from novice investor to experienced investor after one deal.  

Here are some questions that I would typically ask a CPA:Are you experienced in working with my industry?

Hello @Diana Teng,If you choose a city that meets the financial independence requirements and work with an experienced local team, you should be OK.The goal of real estate investing is financial independence.

Off the bat, I had a few questions that hopefully someone more experienced can help: 1. do auctions allow financing after winning the bid, or do they require entire amount to be immediately wired? 

Tips – Work with a lender experienced in DSCR loans, ensure the property's cash flow supports debt payments, and compare lenders to get the best rate and terms.

However, after further research, I’ve noticed that Charlotte, NC, and Raleigh-Durham, NC, are experiencing robust rental market growth and expanding economic opportunities.

For example, we've recently taken over marketing internally because the property management company was not experienced enough in using the newer advertising methods we need to pursue.