Last piece of advice is to raise additional capital because shortages while building ground up can be a painful proposition.

Additionally, investing in real estate education through courses and seminars will help sharpen your skills.

They can sharpen skills you already have, or expose you to things you've never even thought of.

Most of these "gurus" have only one skill.

That's terrible performance and demonstrates your PM lacks the necessary skills to protect your investment.Even if you did find a renter, this home is a loser.

Just like everything else in life, get started, keep honing those skills (i.e. keep reading, keep learning, keep attending the meetups) and watch yourself get better and better witch each property you buy.I hope this helps and good luck on your real estate journey!

I’m a fairly new investor, currently with only one STR/MTR duplex in Indiana, and I’m looking to develop new skills in order to improve my personal income to help expedite a second rental investment.I am a touring musician, and also have 5+ years of bookkeeping experience for one of my small businesses, and I run the books for my one duplex as well.

Most times things don't go to plan in one way or another.You need to develop your project management skills because that is how you eat a loss on one area and manage the project to success.

I would love to take this skill, and apply it to asset management, just not sure where to start!

Strong business credit can sometimes offer more flexible financing options when starting a real estate business.Step 4: Leverage Your KnowledgeAs a business management major, you have a unique perspective and skill set that can add value in a competitive market.