You won't know everything you'll need to up front, but if you surround yourself with resources and tools, you'll find the answers you need when you need them.You're doing the right thing by building your network now, attending meetups and posting here! 

I want to preface this by saying I'm an absolute newbie when it comes to real estate investing, but the more books and resources I consume, the more I find myself gravitating towards commercial real estate, specifically hotels!

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I gave my Optionees a square deal. it's not a bad thing to know how to properly execute lease options but I wouldn't pay money to learn it or think I was going to build wealth with it. 

One of the biggest challenges for everyone involved is being on the same page about the actual time required for maintenance.DIY landlords rarely properly track their time when it comes to property management in general - tracking their true time invested in maintenance is where they perform the worst.Investors that hire PMCs are rarely any better at understanding the true amount of time maintenance takes.

And here is where I actually got properly annoyed. 

You are also able to enjoy all of the resources Bigger Pockets offers here.

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

You are free to set your terms and connect YOUR client to the private lender that you think will work best for your client.I think the skills taught and the resources provided in this course are worth the $500.Having said all that, as I stated before, at the end of the four weeks I discovered that I would not be able to apply this to my particular niche. 

If you’re looking for more info, I’ve got some great resources I can share.