Massive layoffs, banks are not lending, people are not buying Starbucks ...If you see the stock market just had one of the biggest gains in history the virus is an excuse to sell and correct.All three benchmarks closed in correction territory, defined as a decline of at least 10%, but no more than 20%, from a recent peak.The only pandemic we need to worry about is society's utter hysteria. 

But I'm hearing about the corona virus stuff, how the stock market had the biggest downfall right now, and I'm just worried that in a few months, this property will be worth half of what I would pay for it.

The only con I see, and the biggest one at least for me, is dealing with two property management companies. 

The biggest obstacle is creating templates. 

Building your team, lenders, title companies, Realtors, insurance people is the biggest deal in this business, I believe, and a close second for BRRRR is knowing your numbers better than all of them to keep them honest.Max ltv on a refinance is 75% for the most part. 

As for prevention, the biggest thing is to avoid any wood touching the ground.

The biggest lesson that I learned was learning the lingo and what step there are to take, the components of the deal.

The first and biggest problem is that all lenders that I know of will only lend on a transaction that is arm's length, meaning not being purchased from a family member.

My biggest struggle is that I am OCD about timelines and communication....dealing with lenders, escrow officers, other brokers and sometimes clients that ignore timelines and communications brings me a lot of daily frustration.

This is the biggest investment of my life and I feel like I should be making a more educated decision rather than just picking the first person whom happened to have a listing I was interested in.