Readers should seek professional advice.

(If you have not already) read enough books on real estate to increase your knowledge base.

And I'd argue the average rents can be increased nearly 30% based on the current FMRs in the zip code.

A prudent investor doesn't seek quick riches through shortcuts.

It's rarely talked about, it seems.I looked at some listing in the Research Triangle in North Carolina but the cash flow doesn't seem great, especially there could be a major assessed value/property tax increase as there was a lag of 4 years in NC.

Readers should seek professional advice.

I've been informed that completing the course alone may not be sufficient to pass the exam, so I’m seeking advice on how to prepare effectively once I complete it.Currently, my only other resources include a YouTube video, five practice exams, and a textbook.If you have any additional suggestions—whether online or in-person, paid or free—that could help me effectively prepare for the exam, I would greatly appreciate them.

@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.

I am thinking to switch to online rent collection from receiving checks in the mail, but worried that receiving 1099k will increase the complexity during tax filing time.

You also have to show that you’re a good person to do business with, because they’ll be making the same assessment of you.Lesson 5️⃣ - Business is about people.It seems simple, but I see it so often overlooked, both by the people I work with who are seeking to buy businesses, and by a lot of the people who were interested in my business.Too often, I see folks get too caught up in their spreadsheets.