If something doesn't look right, it's better to be cautious and investigate further.Lesson 3: Plan for the Long TermPlanning for the long term is a bit like thinking about your future self.Imagine you're saving up money to buy a cool gadget you really want.Instead of spending all your money right away, you decide to save it over time.

@Mark Poulton  the only caution I throw out their to BP land is when you go to sell you could have issues with your next buyer getting title insurance.. title insurers are very cautious with do it yourself deeds and the like.

My research tells me to be cautious and ready for a very different market.

Proceed cautiously, absorb knowledge from every encounter, and modify your approach as necessary. 

I would be cautious about getting stuck in the "learning" phase.

A lot of first-time investors call us dream-killers and Debbie Downers, but I for one wish I had had more cautious advice from honest people from the get-go.

If you're buying a new build, I've heard of scenarios where some of the furnishing can be baked into the loan, but it's a bit of a gray area that you need to act cautiously and work with the builder and your loan officer.

Ensure your assumptions are cautious and factor in interest rate fluctuations, maintenance costs, insurance, and property taxes when running the numbers.

Regards.Steve Bebek Be very cautious of Tybee right now.

Detroit is a great area to invest but be cautious on location!!