That allows you to focus on higher value deals, which are leaning more on equity, less on cash flow anyway.

You will spend far less on that work than the cost of filters and bottled water, plus you do it once at the jump instead of constantly restocking over time

Learned all the lessons needed on this one for sure.I am now feeling the positive pressure from the huge mistake and looking to leverage all the resources I can to make sure I do long-distance real estate investing the right way from here on out.GOAL: I plan to purchase 3-5 SFH to hopefully cashflow $2,500+ in the next 2-3 months.

I like Winter Garden, Maitland, SoDo, College Park, Longwood/Casselberry.

It is very embarrassing to admit that a woman who has been an entrepreneur, taught college, and accomplished a few things in life, could be so totally taken in.

If you are near any colleges, that can also be a potential source for MTR tenants.

Lessons learned?

Research neighborhoods near colleges, government offices, and hospitals, explore FHA loans, conventional loans, house hacking strategies, and connect with local investors.Good luck!

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $140,000 in Nov. 2005

Sale price: $175,000 in July 2007
1872 square foot single family home with no garage. Nice f...

Another lesson I’ve learned is that buying a single family home as my primary residence to later lease to a tenant is a bad strategy unless I’m purchasing the property at a really low price.