Mistake #4: Overestimating the Rents I knew it was in a very desirable school district, but I failed to realize the importance of fenced in yards and garages around my area.I initially thought I could get $1500 for it, and used that for my BRRRR Calculator calculations for CoC returnWhat I learned: Look for houses with already fenced in yards and garages, and offer appropriately if they don’t have those.I was familiar with the street and neighborhood it was on, and drove by the property and saw there was still a bunch of junk everywhere.I signed the contract and sent it back to him.Mistake #5: Signing the contract before inspecting the property I knew I was supposed to walk through and inspect everything with a contractor to get an accurate rehab cost.I was too rushed in getting my first deal and seeing the property value below land value gave me a false sense of security.Honestly, even if I did do a walk through by myself, I wouldn’t have the slightest clue of what needed to be repaired and how much it would cost.

So in short, I see those similarities and that is what is drawing me to East Cleveland, because 20yrs ago if someone said you were investing East Oakland you were looked at as someone who has no clue what they are doing.

If you don't have the investors to fund the loans yet, you don't know what your underwriting requirements are going to be yet, so you really have no clue what you'll actually be offering yet.  

I figure access points will be entrance to property, but no clue on services (deep)?

I have done this something like 3 times.While your waiting to sell them back the house, you are holding the house and possible converting a (short term gain, or ordinary income) into a long term gain.AS far as the foundation and inspector goes, most don't have any clue what they are doing. 

It’s fraud with a HUGE paper trail and 100 clues. 

I did all of his training's, paid A LOT of money, but also learned A LOT having no clue about investing at all.

He told me to check with the tax default areas instead.Dan, I have no clue if you understand all of this, but I should first verify the tax amounts, right?

You have NO clue what SEO or PPC truly is and you simply do not know better.

If the house inspector has any clue what they are doing, they typically fire up the a/c and then the heat and actually make sure they cool/heat the unit....apparently they didn't do that?