Termination Clause: If things don't work out, define the circumstances under which either party can terminate the contract.7.

How did this all work out.

Easier to work out problems without getting management involved. 

If the numbers work out and you're comfortable with the risk, this could be a powerful way to scale your portfolio.

The main lesson I learned was that if you have some experience you can pick the right property, in the right location, fill it with the right tenant and it can actually work out!

Think of it as a very prolonged, unglamorous yoga session.

I'm looking at some flips in Arizona and the math doesn't work out when you add in some of the big ticket items like a brand new AC.

Usually you just have to play around with the HUD a little bit to have it work out if necessary.

(Especially during an intense work-out or something!)

Any time spent on your properties will provide you with invaluable experience and understanding of the asset you own.As you scale, you will hire more and more work out but until then don't be afraid to get into your investments.The picture below was a long day managing a community park we are building in one of my mobile home park communities. $50,000 job done for less than $10,000.