Hello, My name is Matthew I'm new to real estate investing and am currently looking to start off with a rental property to get started, having done a lot of reading and research on my end I'm still looking into getting a better understanding and more knowledge so that I can be as prepared as I can be.

It is a business though so be prepared to work but the ceiling is very high. 

Look into out-of-state markets for better affordability and ROI opportunities.Success requires risk, but calculated risks with proper preparation can lead to life-changing rewards.

It is the most popular software in the industry, and most Tax Preparers are familiar with it, which makes tax season easier.My Recommendation: Spreadsheets are usually fine for your first 1-3 properties. 3+ properties, you should use a software.

So syndicator that doesn't prepare for future volatility (ie: interest rate and/or bond market risk) is usually losing money in their investment.

That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps! 

If the property is vacant, most lenders will use the rent schedule that the appraiser will prepare as part of the appraisal process.

Be prepared to explain why the extension is necessary and demonstrate your commitment to closing the deal.

South East Texas should have a few experienced crews, so ask around locally or check reviews.One tip: make sure to prepare the new lot properly—things like leveling the ground and checking utility hookups are essential before the move.

So be prepared.