At the same time, having worked deals with teams with multiple agents broadens my network of agents  and property managers who trust my ability to close without trouble to provide them with incremental business.Of course, there is also value in diversification in case of an economic downturn that doesn't hit all areas equally...#5: Understand What Your Strategy IsOne of the downsides of a site like BiggerPockets is that it is so easy to jump from strategy to strategy.

Hey @Pauline Misiak I would suggest broadening your target area, making sure that you are looking at distressed or bank owned properties.  

I have the ability to perform most repairs on my own, but long term prefer to be hands-off and provide financing/use contractors.I love going hiking, hunting, fishing, working on cars, spending time with my wife/family and general discussions around anything related to business/finance/investments.Looking forward to getting to know you all!

You just need to find a property manager who is willing to negotiate their management terms - might have to go to a smaller operation where your portfolio would make you the big fish.

I then fish the wires to the exterior.

I've decided to take the leap from my small fish bowl in Duluth Mn and dive into the giant aquarium of Bigger Pockets.

Spend time talking to interested applicants and fish for information such as,  "why are you leaving your old place?" 

I joined Biggerpockets to deepen and broaden my knowledge after reading Brandon Turner's "The Book on Rental Property Investing".I'm particularly interested in investing in rental properties in the areas around downtown Lincoln, especially the Near South, South and North Bottoms, Capitol View, Everett, etc.

A broker/agent with NO INTEGRITY will put their needs FIRST ahead of protecting a client and tell them anything to get that commission check and make a deal happen.That is NOT the way to run a long term business with credibility.How you make sure you are not liable it to DISCLOSE EVERYTHING you know and sell AS-IS.Fill out the sellers disclosure in full truthfully and honestly.AS-IS does not mean you are not disclosing known material facts as a seller.It simply means you are not going to fix them and it's up to the buyer to investigate further.By the way even if you do everything right and disclose the buyer can still sue you later.Buyers can sue for anything but it doesn't mean they will win but just sue you fishing for money once they realize they made a mistake.Usually the judge hearing the lawsuit will see that you fully disclosed and the buyer did not want to spend more money doing the proper inspections before closing.The judge will then dismiss the case usually because the buyer did not perform fully "their right to their own inquiry" before closing on the property.Where you get into trouble is the question you are asking now about I know something and fixed it but my agents says I don't have to disclose it.I can tell you that is absolutely wrong.Fixing a foundation crack and changing a rooms use known for water intrusion is an adverse material fact that you MUST disclose.Many sellers do not want to disclose items because they now it will reduce the sales price.The seller will pay for it now with a lower price or pay later with a settled lawsuit with claims much larger than the lower selling price.The seller usually buying a lemon house themselves try to pass problems off the unsuspecting or not knowing buyers.You as a seller just have to learn from this experience and make sure what you buy going forward is thoroughly inspected.No legal advice.

Sorry Leonard I teach people to fish instead of delivering it to their door.You'll be a much stronger investor if you take the time to seek out and nurture these relationships yourself.