I wish I discover BP when I first started investing then I wouldn’t have made some of my mistakes.Honestly though, going through the transaction itself will teach you a lot.

If you have any further advice, particularly on assessing due diligence with updated systems and recent price reductions, I would genuinely appreciate it.

@Jerry Shen, I'm interested to hear what you discover. 

There’s a huge difference between winging it and setting up a system that consistently brings in genuinely motivated sellers.Get a website, focus on the 3 pillars of conversion (look it up), and crush it.

I’m genuinely scared and wonder if I should put the tenants in a hotel?

I'm genuinely curious! 

.: @Jared Khannot satire and genuinely trying to help. 

Bouncing payments or only being an illness or accident away from not being able to pay the rent, are issues considered by our underwriting.Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX).

Two years ago, the roof was replaced on the property and recently due to a leak, the roofing company discovered that screens were installed on the drains on the roof that voided the roof warranty.

Folks appreciate enthusiasm and genuine curiosity.A friend of mine, Alex, felt the same hesitation but decided to give it a shot.