Starting with three T-12s from properties of a similar size and market is a fantastic strategy, and I’ll definitely take your suggestion of setting aside time to really dig into the details.Thank you for the encouragement and practical tips—it’s advice I’ll take to heart as I move forward.

I have my heart set on real estate investing and have been researching every free second I can.

.: Quote from @Wale Lawal: Los Angeles LA 🔥🧯💔Our hearts and prayers go to everyone impacted by the Los Angeles wide fires 🙏You will overcome this adversity and disaster 🙏Let's not point fingers but pray for peace.Thank you all.This brother!!!  

While there are fewer native Austinites left, if you find them—especially older residents—they can be an invaluable resource for inside information.Get involved locally: Once the tourists and college students leave for summer or holidays, you’ll realize Austin is still a small town at heart.

You want to add value and reduce expenses.Also, it is wise to have a healthy liquid reserve available when buying commercial real estate.I would call commercial real estate brokers and find one with a teacher's heart.

Louis, even buying a property for $2k might be overpaying for it ;-) These properties always need some sort of extensive/gut rehab, so they are not for the faint of heart (or stomach)!

And, when you see your next tax bill, your heart will stop.

At the heart of effective property management lies the ability to balance the competing interests of three critical stakeholders: owners, tenants, and vendors.

Hire an inspector /independent person to manage the job site for you, someone with your best interest at heart.

In most of those cases, their broker took a high fee and the investor didn't end up with a great deal.Here are a couple of things that are a tipoff you are not working with a broker with your interests at heart (1) they want to pull your credit before having a conversation, or (2) they send you a long list of things you need to provide them before learning about you and your deal.The conversation should start with why you are interested in REI, then understanding your strategy to get there.