After I wrote those posts something wasn't sitting right about what I wrote and realized I made some mistakes.  

Newbies always want someone to cover their mistakes when things don't go as planned.What have you done to solve YOUR problem?

Quote from @Joe Villeneuve: Quote from @Scott Trench: Quote from @Joe Villeneuve: The CF mistake REI make is they think you can accumulate CF properties starting from the beginning. 

I've made that mistake in the past and agree that it's not typically a tactful strategy.

I made tons of mistakes on my second house hack and I still came out ahead.

Quote from @Evan Ross: One of the most common mistakes I see with amateur landlords: attempting to build goodwill with their tenants.

To me every generic question like this post, the first response should be an AI response, followed by individuals personal take and experience.OP:Start small and Make Your Big Mistakes Early. 

Cashflow – the numbers look good and give me leeway if I have underestimated renovation costs, over estimated rental income achievable or make other mistakes I am not aware of yet!

I had no money to put down on any properties, so I learned (a lot) and put in a lot of hard work and effort to get some properties under contract.Initially, I had no clue what I was doing, but I had the help of some people (and I appreciated that)I made mistakes that cost me around $30k (lost a deal due to my ignorance regarding title and escrow)The good news with wholesaling is that it doesn't take a lot of capital upfront, and you can start talking to sellers and learn about the industry in general.The other good news is that you can without a doubt generate revenue quickly if you do things correctly (having a good TC / title / escrow connection that keeps deals moving on the backend)That said, there are a few points that I've come to live by:1.

If you don't know what you are doing there is a greater than 50% chance you are making a big mistake.