But do you really want to leave room for error so that something that's automatically THAT nasty is just a bit less nasty?

Is it a missed appraisal amount or some other error in the math.

My name is Mike and I am a rookie real estate investor.

bp rookie again- but this sounds like a GREAT problem to have, I'm learning as I go here since I have yet to do a partnership (did BRRRR's 15 yrs ago b4 that was a term...). 

Rookie here: just learning the lingo so STR - Short term rental -- got it. 

Hello everyone, I was listening to one of the Real Estate Rookie podcasts the other day and they were talking about small and large multi-family properties.

Hey Guys my name is Esteban, I'm new in all of real state I been listening the BP pop cast and the rookie pop cast as well, I'm really interested in start in this world of real state what are the books that you'll recommend for start, and also I live in the Houston area if there is anybody that can help me to get in all this I'll be happy to do my best on in, I know plumbing pretty well, also some HVAC knowledge.

Hey guys, rookie investor here.

The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error.

The temptation to pass on bogus costs and skim is great and limited partner most always has bad results.Such as: cash calls, lawsuits, errors, hiring family and they are vastly overpaid, tax audits to name a few.