And the ONLY way to know the actual laws and rules of bidding at foreclosure sales.For Pre foreclosures  Eric is correct many states have enacted laws that must be followed to avoid large penalties when dealing with Owners Occupied homes that are in foreclosure.

I would avoid furnishing.  

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

I live here and I’m a new investor currently targeting central Nova Scotia region.

Schedule inspections early to avoid a last-minute rush and ensure compliance with California law.

Honestly, it is a lot of work, and there are some big pitfalls you want to avoid, but its not rocket science. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Starting with multi-family rentals and house flipping is a smart approach, and taking the time to learn is a wise move to avoid costly pitfalls.

You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

Everything the banks do is for the reason of avoiding liability in case the borrower catches on.