What was your biggest mistake when choosing a market?

When analyzing properties and doing calculations, this strategy does not provide a good return for the first few years, but it most definitely does give me faster equity accumulation and gives me the quickest/biggest cash flow per year that trumps other situations with properties on 30 year fixed mortgages. 

@Rory Sweeney biggest challenge with most PMC software accounting is that they are cash based.We've figured out how to do everything we need in Propertyware, which is similar to Buildium.Just takes persistance!

Given the market conditions the two biggest reasons I see sub2 deals happening is if the seller has no equity in the home and is behind on payments.

- You missed utilities in your holding costs- For your first rehab you should plan on a little more than 6 months, just in case- You might want to double check your tax number as taxes in NY can be pretty high- The biggest area where mistakes are made for new investors when it comes to flips and BRRRRs are in the ARV and the rehab cost.

After renting the house, you should be pretty dead on with your Bigger Pockets Rental Calculator Report, which I hope you used before you went under contract.The two biggest mistakes I see people make when investing out of state is trying to rehab a home and not doing home inspections.

Hey Robert, high appreciation will bring you the biggest returns. 

Hi Chris, I like Columbus Ohio because I see it being one of the biggest metropolitan cities in the next 10-20 years, all signs are pointing here!

Do not listen to the folks that say "always raise rents" or "we raise by at least $25/yr"... turnover will be your biggest expense AND tenants WILL move over a $25 increase.

I like Columbus Ohio because I see it being one of the biggest metropolitan cities in the next 10-20 years, all signs are pointing here!