.👉 Adjust your expectations—this business is about consistent effort, not overnight success.2️⃣ INACTION IS COSTING YOU DEALSEver stare at a lead and overanalyze every detail?

Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.  

Refinancing has more nuances than it seems, and so do closing costs.

It doesn’t cost you anything and gives the tenant time to rearrange their entire life around your decision. 

That may increase your cost or limit the coverage you can get.The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

I'm personally making my exit - I never did assemble a team (it costs money for one, then you need the manpower and time to manage it).

I personally do not prefer to hold high cost SFRs as LTR investments.  

Procrastination will only cost them more. yep. carrying costs alone, but also if its not your money and investor money - some will try and drag it out.