It is important for new investors to be aware of the challenges and embrace them, but not pretend things are going to be easy.

Let's not pretend the current owners of the units don't know a unit was being foreclosed.

What you'll want to do is pretend that you're going to remodel your own house.

Well, one or more of their pretender buyers with their "I buy houses all cash and close fast" business cards, who actually has never closed on any house and has zero cash thinks "I'll just wholesale this house and get some money going!"

I say LLC because that's what I have, but pretend I just said "entity".

It is the law, especially with HUD and a felony to pretend to be an owner occupant when you are not.

I also wouldn't pretend that all my deals have been (or will be) that easy, but this particular forum asks for "success stories" and not "real estate sucks" stories.

Also it is VERY difficult to find good reliable subs in Miami, many fly by night pretenders and if you are not supervising their work, they cut corners and you end up with really sloppy work.

We kind of had fun with it and my parter recorded it pretending to be me in a super excited tone.

One of them stuck with it and retired on the income from her apartments about 10 years ago.If you are investing to gain the admiration of adoring crowds, you can follow the guru model and just pretend you did it and talk about it.If you are investing to provide a secure future for yourself and your family, just roll with it.