You can have a string of successes but if you are too levered that one bad one that you didn't see coming can take you out of the game.

You need skin in the game if you don't have a solid history and relationship.

Being new in the game, you dont always think things through 100% if put on the spot, it's too easy to give in and people try and take advantage of you at a young age, new in the game, this ALWAYS gives you an out, gives you time to consiter anything,tenant wants to have a dog, put on the spot you might agree, but as the manager you'll ask the owner and get back to them. !

Yeah, I always factor AC/heater, foundations, or roof repairs separate from the rest of the costs, as they completely change the game.

Have some accounting of all the money from government numbers games - lottery, powerball, scratch tickets, etc.

*Spreadsheets or software suggestions will be appreciated!

As an out of state investor wanting someone with skin in the game to care about the property, some kind of partnership comes to mind.Know a young guy, who is the son of a friend, who is buying property in a southern area that is conducive to cash flow.Understanding how one person that carries all the burden could feel like they are getting the short end of the deal, I wonder what kind of arrangement would be fair where one lives in the area, finds property and keeps track of it, while the other investor is out of town too busy to be involved.I have more capital and credit than does my young friend so my contribution would lean more towards the capital side but that makes the partnership lopsided.

The way the auction works, if there are multiple bidders tied for the lowest rate, then the auction software randomly picks one of the bidder numbers to be the winner.

For anyone that has been in the real estate game awhile you learn over and over again that good connections are important.

OK by me if that becomes the rules of the game.