Find a narrow area, then focus on improving your expertise/knowledge and you will have an informational edge that will pay huge dividends long term because unlike most people you will know what the true value of an asset is and can calmly pull the trigger when others are scared and can calmly not pull the trigger when others blinded by greed.

Contractor and pay him first his expertise 

I was a warm body in a model home selling spec homes in what turned out to be, in retrospect, a really crazy real estate environment.

My plan is to self-manage the property and rent it out by the room, and I believe your expertise could provide invaluable insights to help me navigate this venture successfully.Specifically, I'm seeking advice on the following areas:Property Management Software: I'd appreciate recommendations for property management software that would streamline my operations and help me stay organized.Bookkeeping: Could you provide guidance on best practices for bookkeeping in rental property management?

His steps are a decent base model to be expanded on and altered to individual situations.

Hello! I'm working for a family run real estate investment company and we're new to the DFW area. We're getting into the MTR space and we're really excited about this market. Being a newbie here, I'm looking for your ...

Post Construction Appraisals that have been received are averaging $377k for this model (a slam dunk) I'm currently considering another new build with them, or potentially one of their existing turnkey properties in other markets.

Platforms like Airdna offer insights into the top-performing properties, which investors can model and improve upon for better performance.From my perspective, Cancun, Playa del Carmen (PDC), and Tulum share similar risk-reward profiles, with Cancun being the most mature, followed by PDC and then Tulum.

@Timothy Eaton I have created an initial application that has basic information on it like name of all tenants applying, address, make and model of any vehicles, previous landlords, personal references, and I ask what types of debt they currently have and any pets.

I've observed too many new investors suffer severe losses in recent years by solely relying on the STR model, paying too much for properties, and then being forced to sell them at a loss when economic conditions tighten.The past two years, I purchased over 30 houses in 6 different States, and my strategy of diversifying investment plans has been crucial.