Negotiating favorable terms is both an art and a science, and in real estate, it's a critical skill that can make or break a deal.

Readers should seek professional advice.

I’ve been investing for almost 3 months now, and have just started cold calling my call list of pre foreclosures aka I don’t have any properties yet.

Readers should seek professional advice.

Start small with strategies like house hacking, leveraging your hands-on skills for value-add properties, and building a strong team or network to reduce risks.

PMC is the professional that will have the most alignment with your goals - agents, lenders, inspectors, etc., are ONLY transaction based.A PMC has to deal with your property, tenants & maintenance EVERY DAY until you sell or terminate them.A great PMC can provide contractors and also check out properties for you. 

I like the pre-qualification and application process, as well as the reasonably-priced, tenant-paid background checks.

Here is an example of what it costs you to avoid professional advice.

I'll be sure to put in a disclaimer next time indicating that I'm not a CPA and they have to reach out to a tax professional to consult on the matter. 

Connect with professionals who know what they are doing so you can receive proper guidance.