Your “team” is just basically a list of people that are experts in their field that you can call and/or meet-with when you need them.

Absolutely, creating a baseline business plan is a crucial step when starting in real estate (or any field) because it provides clarity, direction, and a strategic foundation for your efforts. 

If we could just explain to the young agents or new agents, here and in the field, to add value wherever they go, the clients would come from that.

So you just have to keep the other "Control the hype" viewpoint in your head going when you attend seminars and such.So like I said, I'm not preaching against the choir of educators in the field...

If this is your first investment and your first property, the quickest way to fail is to create an uneven playing field.

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

Always invest in your backyard @Dina Mazur - you have a huge home-field advantage I would not give up.

What makes 100% total sense to tenant does not always compute with what you need to be successful as an owner....and #1 in that field is collecting rent.

I’m just starting out in this field and I am still trying to understand the financial aspect of it but reading your story definitely is motivating.

I am far from an expert in this field as I have been learning alot myself but cap rate does play a role in your type of business.