However, what are some common mistakes beginner real estate investors/Rehab flippers make?

I'd say, probably not.Just trying to have you people act like you all have SOME kind of common sense/decency!!

Both claim they were married to the borrower via Texas’s common law marriage rules.

just looked at their website.. just a company buying land in very common markets were there are thousands of vacant lots ..

But it's extremely common here for new folks to come on BP with broad stroke questions, without realizing the forum is a searchable database of scores of common questions with a plethora of answers already posted.Mike

For us, we use Reliant for the make readies and TXU energy for properties that either have lights included in their rent or for common area lighting.

Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!

This is probably common among buyer prospects, too.

The agent's compensation is negotiable and 6% may be more common if that includes the buyer's and seller's agent, but if the 6% only covers the selling agent, then that's a greed reach especially considering it's a 2m+ sale price.

More commonly, a Revocable Living Trust ensures your assets are passed to a trustee upon death.