@John Matthew Johnston 80% of the time, it's a thankless job:(You're never fast enough for complaining tenants, nor fast enough or cheap enough for owners.To have any chance of success, you have to be extremely organized, or every day starts with your hair on fire!

This is the list to not invest in without extreme careful attention to detail.Don't go where the masses are going.

First you have to face the local municipalities & will be extremely difficult to get the zoning approved. 

I am hoping this number is extremely conservative given that our contractors, inspector, and realtor walked it as well. 

It is extremely hard to find programs for 0 experience simply on the 1-4 unit side of ground up construction. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

You can't sell the property to satisfy the bank, because you no longer own it.

I think it is always a good idea to interview a few different PMs and ask for referrals of owners they are currently managing properties for to see if they are satisfied with their PM.Thanks Jake

Wholesaling teaches you an extremely valuable skill in RE: How to find off-market deals.

Personal guarantees are EXTREMELY common.