The important thing here that I'm not sure individuals think about so much is what is your cashflow and leverage on your overall portfolio?

It's always important to reflect on where you are and what you have done to get there. 

I just thought it was important for people reading to know to get a more realistic view of flipping.

He has a chapter specifically for real estate - this will get you to understand what options you have and why putting something in place is so important.2) Yes, once you set up an LLC or LP to hold the property, I would set up a business bank account and deposit all rent checks, plus pay out all expenses from that account.

What is important is who you think the best buyer of your property will be. 

Having solid cash flow is incredibly important when starting out .

That is an important component in this space, and so far everyone seems to just want to manage Notre Dame grad students...

I would say that it is very important to know the entity structure that you plan to use from a tax & liability stand point before jumping into buying property.

I definitely think working with a broker that has investment properties of her own is important, but it's not necessary.Have you looked on Zillow or other resources and found properties that fit your criteria to test to see if your realtor isn't finding listed properties for you, or is nothing available that fits your goals? 

Your knowledge is one of the most important things.