This proactive approach has made a significant difference in maintaining positive cash flow and ensuring long-term success in my investments.Key Lesson #5: Build a Strong Network Finally, I wish I had focused on building a network of real estate professionals earlier in my journey.

Not an attorney or CPA so cannot help on those items.

I'd say, could start small—network with folks, ask questions and take action.

The JV agreement should make this clear.You may want to speak to an attorney and a CPA familiar with these transactions.

@Courtney HamiltonRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

If you try to get in with some upside down project with thin margins you won't be able to do it.The midwest from Pittsburgh out through Ohio and into Indiana, you have markets in that belt that offer beginners with little capital and no experience a chance to play.That's fine and dandy but setting up a network full of Agents, Wholesalers, and GCs that aren't gonna over sell you, talk you into a bad project, or plain rip you off is the hard part.

This post does not create a CPA-Client relationship.

Hello BP network,Does anyone have a line a reliable property management company in Macon, GA?

NETWORK!!!

.- Geo prospecting: I asked other agents in my office, networking groups, or MLS if I could market their listing.