It's a very stressful situation for our team to keep having to contact you guys every month about our money.

., one thing I really want to stress that most folks mess up is a registered agent. 

We have over 10,000 landlords in Milwaukee and at least a couple thousand active investors at any point in time.6.)

Material participation in the rental activities still required. 

Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.

Stay on top of things, stay organized, and track every important date, from due diligence to contract extensions.Early on, I got myself into some pretty stressful situations.

Furthermore, you will have some passive activity loss limitations to deal with, presuming that you do not qualify for the "Real Estate Professional" designation in the next two months.

To all those stress I had to go through during this process the only consoling factor is the judgment amount I got through the Justice of the Peace Court.

With regard to renovations, I always suggest taking incremental steps to bigger renovations or partnering with someone who has already done a renovation at that level.I've been known to just go for the big rehabs for my personal investments here in Chicago , and during that process, it's always more stressful than it needs to be...As far as navigating the competition, I've found the best thing I can do is get EXTREMELY CLEAR  on what I am looking for; then I am confident pulling the trigger quicky. 

I’m actively seeking to purchase either a multi-family or duplex unit in the Columbus area  for a medium rehab project.