There is a difference between an operator who did not communicate any problems until the email about the capital went out and the operator who was constantly updating investors on the asset and the difficulties and challenges and preparing investors for the possibility of a capital call prior to actually going through with a capital call.I think the biggest lesson I have learned as an LP over the past few years is that I will absolutely require consistent, thorough and realistic communication from any operator I invest with. 

Lessons learned?

Let's not mention the C#2 house I bought - I'm selling this one. lesson learned, so I've been paying a mortgage on a vacant house for several months.

I work in a small college town.

Rents for a great rate and now cash flowing $700/ month total Lessons learned?

Lessons learned?

I live in Oakland's Maxwell Park, near Mills College.

Lessons learned?

It's a good home, in a growing neighborhood, near college campuses with community amenities. 

There will be learning lessons on your first deal.