Become and expert so when a deal comes along, you'll recognize it.  

Other than deal flow and having a proven business plan so far (1 year of ownership so far), what are the pros and cons?

I specialized in multifamily properties, this has proven a rewarding niche because I mostly buy from investors that (the majority of the time) already have a property manager in place.

As a senior associate at a "Big Dog" group, I recognize that the market dictates the margins.

Logic/assumption being that a cheap tankless water heater will be of worse quality than equivalent priced electric water heater based... and that a 5 yr warranty would eliminate many of the headaches and has been proven to work so far (assuming people haven't complained about hot water all along, rather this is new thing as the heaters are starting to fail).If it was different asset class or he was flipping it...

Hello all,My name is Dave Molesky.I've been a member on here for a few years, but I don't think I have ever made a post. I love BP and have learned and applied several good pieces of information from this site. I list...

I recognize that I could very well have rose colored glasses and there is substantial risk on the horizon. 

I would love any advice/warnings of how to recognize and avoid scam money lenders.

. - Congratulations on recognizing the poor financial decisions you have made to this point.

I predict that many markets will see a correction to early 2017 values, by early 2019.All of my investments for 2018-2019 are going to fund self storage and manufacturered housing, both of which have proven to provide positive returns in the worst of times.