I used to cold call, skip trace, send mailers, and don't get me wrong you will get success from it like James above, however as you gain experience you will realize you need deals faster, easier, cheaper, and with more "meat on the bones" and in order to have that you need constant deals flowing through your eco system and that's hard to do with mailers, cold calls, VA's and skip tracing etc.

Prep em on the need to experience a Sunday Roast at the Royal Windsor with a pint.

Do you have experience at new construction or rehabbing?

Lots of folks invest here. 15+ years Realtor/Wholesaler experience.

However, after you get some experience, you probably want to get a Private Lender since this will allow you to keep the majority of the profits.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Throw your experiences in comments below; I'd love to hear success stories and/or horror stories!

Over the years, I’ve learned a ton, and now I’m applying that experience to my Real Estate practice.

Adding value can be as simple as answering a forum with your knowledge and experience!

Nights, weekends, holidays, etc.To keep this on-topic, though...DO figure out what's healthy for you to manage but remember it's a process where every experience teaches you good and bad (and be patient with that process).DON'T sweat the small stuff (damage/costs under $50, undisclosed dogs, etc.) but DO find a way to learn, prevent, put in better practices to maintain your sanity.