Inconsistent/No marketing = little to no dealsPersistence (In all aspects - never quitting, taking "no's", following up with sellers, etc)Honesty & Integrity - A lack of these two equals the demise of your career in real estate investingNetworking - the more people you know, the more deals you can do.

@John Mimms,I have many years of experience with manufactured homes and all related aspects.

I under estimated the negative aspect and had to drop the price so low, the net result was a small $2500 loss.

It appears that those with a formal education are missing the point of the intrinsic values they have acquired without giving due credit to a few of the aspects I mentioned.I can see that someday, anyone holding X number of rental properties will be required to hold a license.

@James Vermillion did an excellent podcast that addressed several aspects of investing while on active duty.

I am personally negative on Manhattan longterm, as I think many aspects that made NY the center of US cultural mindset being competed/globalized away due to Internet.

Risk assessment, at least an accurate assessment is mostly impossible for an individual and I'd doubt it's that accurate at a mid size institutional type either.While I understand some of your unique industry, inner-office phraseology such as "capital waterfall" it's not that well understood nor applicable to individual note investors here, while I understand it seems to embellish some sense of expertise in a post, it's poor communication to our audience and simply takes us to conceptual aspects rather than realistic and relevant analysis.

For me that's just not good enough so I have recently started placing block after strategic block in a foundation for our new real estate investment firm that I hope will bear greater and longer lasting fruits than our first attempt.Although our credit has recovered for the most part from our personal housing crash, we have been unable to acquire capital for down payments.

Secondly, I would become active on BP so you can start learning about different aspects of real estate investing because you are back in school again.

I would pass on this person for the partial rent aspect as well.