Problem: Not having a mentor - piggybacking on the concept of an accountability partner, most people underestimate the value of a mentor.

If you plan on doing a lot of value-added projects.

Of course, I can try and bring some value to the table (still working on it haha).I've tried Propstream and found that it's a decent tool to search for markets, but not as helpful when measuring ARV's.

Know the value of your property and make sure all buyer due diligence is easily available.  5.  

Whether they’re navigating their first deal, figuring out how to structure financing, or learning the value of patience, my clients gain confidence knowing they have someone who’s been there.

Sale price is 10% below market value and Seller financing available.

page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.

The property is valued at $440k.

The other thing to consider is that a bank might do 80% loan to value but also require a Debt Service Coverage Ratio of 1.2. 

I was looking into acquiring rent ready properties at 70% at its market value.