You bought a property with no real goal in mind, so you get distracted by a shiny object (fast equity).Let's say the house is currently worth $500,000 and could conservatively bring in $25,000 a year as a short-term rental.

Team building in this case is just a distraction, but nothing wrong either with preparing some names ahead of time.

This can be a problem for some investors if the property barely cash flowed, did not have a positive cash flow or worse...While the lender can foreclose on and take the property, this is a serious distraction and expensive course of action.

Often times we have the idea that we can just jump in and win, and as good as it sounds, short-term success and luck may not be good enough for the long haul.Having the right mindset is knowing the inner you, what are your strengths, your weaknesses, and your ability to persevere until the end.Skillset is a must, knowing it will take hard work, and being an asset and not a liability, all the which will take time and consistent effort to continuously move the needle closer to our desired goals.Having goals set, a planer made, getting the right knowledge, and following the course until it is complete.There and many distractions as well as many excuses, all of which must be overcome.From one student to another, stay vigilant, and consistent, and never quit.See the end from the beginning and it shall come to pass.Back to the books, and to our success, blessings, and prosperity.One Building Block At A Time! 

To many distractions this year at my 9-5. 

Take my following comments with a grain of salt as, based on the fact that your previous deal has fully funded and you have received great response from your fellow Bpers in this thread, you are clearly already on point with how you are pitching your deals.Yes, I get that there is a point where information overload would distract and possibly lead to quicker tune-out from some potential investors but do think it is extremely valuable when an operator demonstrates his knowledge of a deal beyond just the top line selling points within the body of their pitch. 

I plan to have a sit down, no distraction conversation with my spouse soon.

There will ALWAYS be fires, urgencies, distractions...How we do one thing, is how we do everything.And what is the cost?

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

He was cutting some boards with a compound miter saw when he got distracted and almost cut off a finger.