Fail to produce K-1s in time for LP tax returns to completed on time, refuse to communicate with LPs, when LPs start to express frustration.Cheryl Cheryl, I'm sorry to hear this.Many investors learn expensive lessons with their early investments.Knowing nothing about this deal (because I didn't invest) I can already tell you the 24% projected return was a major red flag (in my opinion).

Quote from @Francois Navarre: I have Obie for one of my rental properties affected by fires in Palisades.

What was your top 3 biggest lessons learned?

Lessons learned?

Either way you'll learn valuable lessons and gather up experience for your investor toolbelt.

Quote from @Scott Mac: Safety - Inherit a fully paid for SFH, in decent condition, in the neighborhood you live in, and rent it out to long term tenants who you are comfortable with.

US debt is not going to be so much for making wealth as much as for preserving wealth.This lesson came home to me talking to a guy near my STR in Florida a couple of years ago from the Middle East.

Lessons learned?

Hi everyone,I’m looking to dive into the real estate market here in the Des Moines/Metro area and would love to connect with experienced investors, agents, or professionals who are willing to share their insights.I’m particularly interested in learning about your experiences in this market—what’s worked for you, lessons learned, and any advice you’d have for someone getting started.

Lessons learned?