He would get his first property for his portfolio, and I increase my cash flow by knocking out my biggest expense (rent).

He who works longest and last receives the biggest portion.About me:I am a father of five who is just venturing into the realm of entrepreneurial real estate at age 30.

The biggest mistake I ever made was to get scared away by a flip gone wrong in 2008, and miss some of the best buying conditions in our nation’s history.

My biggest challenge was probably moving into a friend’s house and dealing with several unforeseen problems and delaying our close date.

Biggest mistake new landlords make is working to accept a applicant that does not qualify.  

I have heard that though most things are taken care of as you stated the biggest uncontrollable factor is the HOA.

Even with crazy high rents, when you have to get into a property for 1mil, it's just hard for the returns to out pace the cost of capital, especially when you factor in all the other costs.The oddity with the last observation is that without capabilities these markets also tend to be the biggest challenge from an execution standpoint for someone just starting out. 

The biggest benefit for both of these is MI drops off unlike FHA if it turns into a long-term hold. 

My biggest fear was the trashing of the property so I’m going to make sure i have a few implementations in place to make sure the property is being kept up to par.

The biggest difference though is the messaging.You're not a wholesaler.