The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

I would be happy to have a call sometime to discuss your plans and see what I can do to help avoid some of the mistakes and also what to look for in this market as it is very competitive. 

Then, if you believe he made a mistake, come back here for a second opinion.Just one comment: you cannot carry anything back.

Since I'm the sole member of the LLC is there anything I need to be concerned about or consequences if I make a mistake? 

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

Study landlord basics, especially on what to include in your lease (going forward you will ALWAYS have a written lease).(2.5 Learn from mistakes and don't repeat them.)

One mistake could extend the tenant's stay for months without any income, not to mention the stress it could cause.

It’s a reminder that in real estate, continuous learning and valuing experienced advice can save a lot of costly mistakes.

The forums are full of self-managing landlords who make little mistakes that turn into big mistakes that cost them years of cash flow (or more).If you want to be a DIY landlord, I recommend books, blogs, classes, or other resources to educate yourself quickly.