Don't get me wrong, cheerleaders are essential - they make you feel good, are always there to lift you, and cheer you on no matter what.

but that's the essential to a BRRRR. 

This essentially means that if you sell or refinance your property within the first 5-3 years, you will be penalized at closing.

But the answer for everyone may differ.Here are the personal attributes I see in those able to achieve a higher than market ROI, enough higher to be able to “scale”.1- Knowledge of real estate principles, real estate law and real estate finance2- Minimum 3 -5 years full time, or near full time experience directly related to real estate investing3- Ability to utilize technology for increased efficiency, capacity, and accuracy4- Excellent hired legal counsel and excellent hired marketing help5- Established method(s) of obtaining consistently high QUALITY deal flow6- Ability to manage and choose people who are NOT employees: Attorneys, Appraisers, Mortgage Brokers, Real Estate Brokers, Title Companies, Surveyors, Marketing Specialists, Accountants, Contractors, Consultants, Property Managers7- A VERIFIABLE track record of success8- Ability to identify, analyze, and negotiate a deal that can be “worked” for “enhanced” ROI9- Some type of competitive advantage; for example for me it’s my ability to analyze and identify mortgage loans that are actually less risky than all other lenders believe (on the investing in debt side), and on the real property side it’s my ability to analyze”pull the trigger” with LESS information than other investors need,  combined with the ability to pay cash, or raise significant capital almost instantly as well as being able to obtain loans at the lowest prime customer bank rate with no recourse or personal liability.  

Even then, all of my booking.com clients are American I offer a 25% discount 0-3 days out. add a 15% fee which essentially covers your commission. set up with one hour to cancel, flexible / strict option but no refund 60 days out or later. sync it with Airbnb and or the other ones you are doing.

This property was in rough shape, so I tackled the essentials: new roof, plumbing fixes, and updating the interior to make it livable again.

This property was in rough shape, so I tackled the essentials: new roof, plumbing fixes, and updating the interior to make it livable again.

When considering the city option, it's essential to look beyond real estate and also evaluate how it can enhance your personal life.I would be delighted to discuss the Kansas City market.

Are there any other real estate investing books that the forums would consider essential to a first time investor?  

Second, you don't want to operate at a net loss, it's money out of your pocket every month and essentially negates your equity gains over time.