One, I made a profit; other one, I kinda even out. 

It’s a business oriented mentorship but the man I was paired with was well versed in all aspects of real estate investing and development.

You'll have tenants that don't pay, damages made, and potentially other disasterous situations occur on your properties. 

This is my first investment of this sort and it has not worked out how I originally intended but I am learning from my mistakes and will be making better decisions in the near future What made you interested in investing in this type of deal?

It was a good learning experience, but it made me realize that staying away from major rehabs (for now) might be the best move until I have a more reliable system in place.That said, having family in the area like your sister and brother-in-law is a huge advantage!

Using different colors was one of the biggest mistakes we ever made in the early days; tracking the colors even with a spreadsheet was a nightmare, as was keeping dozens of different touch up colors in the storehouse. 

However, there are instances where it may be beneficial to perform additional cost segregation studies.You could perform a second cost segregation study after you’ve made large improvements to the property.

You have just made it thru the slow season of every year.

@Marc Anthony Maciel likewise man!

I think it makes someone look foolish to state something is a bad investment in a forum where many people, operators and money partners alike, have made lots of money working together on that specific type of investment.Whereas I may not be an expert at the things that I referenced above, what I am an expert at is buying properties under market value in 5 cities in Arizona.