Its not only important to know what the current regulations are but to also prepare for potential changes to those regulations that may coming down the pipeline.

. - Just be prepared, because a motivated seller typically has a property with issues you need to be sure you can solve.

Before I jump into the cash required to operate which isn't given enough attention by most investors there are additional fee related questions a borrower should ask any prospective lender: Are the 3 points inclusive of loan doc prep? Are

Be prepared to navigate through potential tenant issues and lease terms. 

Buckle up, and prepare for total loss, or an additional capital call or two in 2025.

Post on local Facebook pages for contractor referrals, go to local REIAs, and ask your potential agents and PMs (even if not using a PM at first...you may at some point).There is only so much that service providers can do and many of them are far from "experts"; so, be prepared to be your own expert at being willing to figure stuff out as you move forward.

The fact that a possible and anticipated negative event occurred for which the investor was not prepared due to their lack of due diligence by not even reading the disclosures offered does not equate with a “rip off”.  

In reality, you are never going to be fully prepared by watching YouTube videos on how to invest in real estate.

Prepare to be tenacious to get what you want here. 

At any time, anything can happen to a host and it's best to be prepared!