An income account tracks revenue, while an operating expense account keeps daily costs organized.

I thought to myself and thought the workshops must be very intensive.For me, the 3-day Real Estate Workshop was held at Roosevelt's Hotel.First Day:I was given two booklets--1) Real Estate Workbook (wich supplements the book they gave out before the workshop)2) Real Estate Elite Workshop Events Catalog (which I first thought was the daily schedule for the workshop but later found out it's an information packet on the $39,500 "elite" courses that they sell)The ironic part is that, through this three-day event, the so-called instructor Jason Jones referred to the Ad packet "Real Estate Elite Workshop Events Catalog" SIX times (he literally asked us to take it out and flip to certain page) and didn't mention ANYTHING nor asking us to read the "Real Estate Workbook ".

Sometimes you have to step back, really think about your long term and short term goals, stick to a daily, weekly, monthly and yearly plan.

It was basically the perfect storm that lowered occupancy and in consequence average daily rates.

I manage the property and the tenants, pay the owner of the property a rent that meets their mortgage plus a little profit, charge fair market rent from the tenants I sublet to, and exercise an option to buy the property after a predefined term and at a predefined price.This way tired landlords don't have to manage their property anymore, and I start investing with little to no money.

Learn how to use Zillow Searches and keep up with Daily Searches for all kinds of properties.

It is really targeted at gross overuse. for sure. i just ensure it's in the contract to that I can exercise the RIGHT to charge it if I want to. 

This is something I hear almost daily from investors.

This is especially important if you're on the younger side, as those returns can compound significantly over the next few decades.I'm in a small real estate mastermind group, and we all did this exercise with our own portfolios and identified underperforming properties and equity to reposition, and presented it the group for feedback.

Exercise caution and explore alternatives before considering them