Get a professional tenant and you could be in for death by a thousand cuts. 2) Not knowing your numbers - If you buy with the wrong numbers you can get in trouble quick. if you just assume that you buy for X rent for Y and pay Z in mortgage, insurance and taxes you will be in for a big suprise when things start breaking etc. turning your good investment into a money trap3) Related to number 2 and a fairly common one if you spend all your profits and don't reserve when suprises hit you will not have enough money to cover it4) Not keeping up the property - No one wants to live in a dump, a slum lord attracts slum lord tenants and this can eventually catch up to you5) Speculating  - This could go very well or very bad.

Hi there,My name is Jeremy, I am 41 and new to real estate investing.My wife and I are entrepreneurs and at this point one of us could easily free up enough time to become a real estate professional and take on our goal of building a large portfolio - for the purpose of long term investing but also the tax benefits (for now) associated with depreciation.We have very little experience.

Made up claims and accusations, that upon professional inspection turned out to be baseless. 

Most of that time was spent educating myself by reading books, talking to other investors, and watching youtube videos.

Assume high quality product engineered hardwood (but not necessarily the highest), and professional installation.

Have a professional re-glaze the tub and wall tile, replace toilet, sink and cabinet.

He has left and we have had it professionally cleaned, replaced carpeting and painted walls and it's better but still smells stale.

NYU offers them, some online, through their continuing education and professional studies department.If you still need help, hire a real estate counselor, with the CRE designations.  

You don't need a license at all to invest in real estate no matter what state you live in or the other states you invest in.You should using experienced local professionals in each state you do business in to get the job done right and keep you out of any legal trouble you may be worrying about.A license and all the training and expenses that goes with it is only necessary when you are representing other people as clients.

Professional, and amateur squatters, or drug addicts, is what most of them are.