Utilize resources such as the BiggerPockets Rental Property Calculator to evaluate possible transactions and comprehend the associated financial figures.Keep in mind that buying a home is an ongoing learning experience.

Obviously, this can impact your overall cash flow.  6) it’s important to find an agent that knows the area well and understands how to work with an investor, as the process is very different than buying a primary residence. these are all things to consider, and there is going to be a learning curve associated with the process.

I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.

There isn't a specific professional title associated with being a REP; it's more of a tax classification.If you qualify as a Real Estate Professional and you materially participate in your rental activities, the income and losses from your rental properties can be treated as non-passive.

You can choose to take on the associated liability issues in doing this, but a good PMC CANNOT.You may consider selling your Class C and D properties and buying Class A & B if you can't handle the challenges.

There's also two others, the Charleston Real Estate Investor Group and the Tri-County Investors Association, that both meet monthly as well.

Source @Keep Current Matters.Goldman Sachs : Original Forecast 1.9% / Current Forecast 5.0%Mortgage Bankers Association: Original Forecast 1.1% / Current Forecast 4.1%Zillow: Original Forecast .2% / Current Forecast 3.5%Fannie Mae: Original Forecast 2.8% / Current: 3.2%Home Price Expectations Survey: Original Forecast 2.2% / Current: 2.4%National Association of Realtors: Original Forecast .7% / Current: 1.9%

@Nicole AustinOh yeah, you might try AAPL https://aaplonline.com/ and NPLA https://nplaonline.com/ associations  There are the two that I know about. 

Check out NARPM.com for these.Regarding doing these, you technically need 3 documents, which should be SEPARATE.1) Lease2) Option contract3) Purchase contract, associated with the Option ContractA decent PMC should be able to handle all this, but they should also require you to supply the Option & Purchase contracts you want used.

The same amount of work would be involved for a deal 3x as large, focusing on larger deals.Bad tenants will cost you 100's of thousands of dollars.Business associates make better friends than friends make as business associates.