The worst experience we've had was with a flat roofer (very common roof type in Chicago) we finally wrapped up, after waiting almost two years for them to finish/fix something. 

If we are purchasing properties when the market is a highly appreciated seller’s market, we need to realize we may be in DUMB DEBT and should be prepared for the risk of suffering the consequences if and when the economy turns for the worst and goes into a recession as this will likely cause values to drop.

Cashflow – the numbers look good and give me leeway if I have underestimated renovation costs, over estimated rental income achievable or make other mistakes I am not aware of yet!

I dont know the market in Las Craces.....but in the DC area, we definitely have a seasonal adjustment on sales, and if the property was here, it would have been listed at the worst possible time. 

I made tons of mistakes on my second house hack and I still came out ahead.

I've made that mistake in the past and agree that it's not typically a tactful strategy.

I had to start the eviction process, but fortunately, they left a little over a month after their lease ended—just before it went to court.These challenges reinforced the importance of tenant screening and clear leases, lessons I’d carry with me throughout the year.Summer: Refinancing and Big ChangesSummer brought a mix of wins and challenges:I began having issues with the garden unit tenants, which would escalate later in the year.After learning from the screening mistakes I made with the garden unit, I updated the third-floor unit and rented it to great new tenants.

Also, this is the worst time of year to try and rent a property.

To me every generic question like this post, the first response should be an AI response, followed by individuals personal take and experience.OP:Start small and Make Your Big Mistakes Early. 

This is the stereotypical CA worst case scenario explained.