Reputation is critical also, so beyond experience, a firm would never hire anyone risky, a court won't appoint anyone risky in any way.   

I've heard a lot of stories from folks who were preapproved by them only to waste a lot of money and time to eventually be denied financing at critical junctures.

"I will leave the state of Texas to Y'all    LOL..." epic finish.Since I was not learning about real estate back then, the hype and the awakening after I contracted "Investors Fever" disease, which is reaching critical levels, I contracted also a bit of amnesia.

The advantage of claiming a Capital Gain is no Self Employment Tax added (15.3% more).When starting out it's not so critical that you have a Real Estate Specific CPA.

Funny how most never even mention the 2 most critical parts of a seller-financed transaction.

Both of you are making critical contributions to the partnership, though it is fair to expect an additional boost to your ownership stake relative to his given your role as the loan guarantor.  

It is critical that you develop a good After Repair Value (ARV) based on recently sold comps  when you are initially analyzing properties.  

Here is just an idea I wanted to run by the community. After I graduate from college I plan on staying near home for a while saving up money through wholesaling, house hacking and etc. But after I saved up a bit of mo...

The location has something value in it.Tenant screenings is very critical on both, but more so on the MF.  

Ask at Home Depot or Lowes...if you go early in the morning, you can collect @ least 10 cards..Vetting before selecting is critical...GL