And as for Track Record, as both Chris and Brian mention: this is important to see.  

Quote from @Hector Espinosa: Hi @Alex Craig,This would be my first property and as I mentioned before I think numbers looks good but something is causing me trouble is the high crime rate in the area.  

Print them off, study them, highlight them, make notes, read some blog posts, and understand the subject.The second document he links includes precise definitions and a guide for landlords to use for screening support animals.

Make sure you’re clear on how financing works and what your monthly payments will look like.Property Condition: Assess the age of the property, maintenance history, and any potential repairs or upgrades that might be needed.Due Diligence: Work with professionals, like a home inspector and a trusted real estate agent, to ensure the property is sound and fits your investment goals.Analyze the Neighborhood: The location can make or break your investment.

I've had so many deals fall through this year and am feeling exhausted from putting in a lot of time and energy to deal I thought were going to be solid an they ended up falling through.  How do you find motivation to...

Secondary markets will give you a balance of appreciation and cash flow if you buy in the right pockets and a good asset. 

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

I got lucky and a tenant eagerly wanted to rent the entire building, and they were perfectly cool with a carpet over it.

Here is the pro forma financials for the property……………they assume 150% occupancy and a 150% rent increase 9.

A 3 bedroom house with two roommates would bring in around $1,400/month, and a home in the high $200k's with 3-5% down would have a mortgage pmt around $2k/month.