We have some idea as to what the pitfalls are to not having one; but are also curious to what the advantages are. 

We have some idea as to what the pitfalls are to not having one; but are also curious to what the advantages are. 

You should be listening to more of us who are telling you the pitfalls because if you think you are making a 200k spread with no experience, you are going to be left holding the bag on something, you just don't know it yet.

What are the mistakes/pitfalls I should be cautious about and keep a close eye on ?

@Simon Ribellia I would be hitting up all the people on BP that have done a deal like this and see what pitfalls they ran into, meet people in that area that do only commercial have them help with the due diligence phase and ask people that have cell towers on them.

Hi BPersI am venturing to buy from wholesalers.My goal is to BRRRR.My question -How do I perform due diligence - what are the catches, pitfalls I need to keep an eye on?

Any pitfalls?  

That might have been a big pitfall in starting this business.So based on that, I thought I should seek some advice, assistance, etc.

Hello All,I am researching potentially using my newly renovated 2nd unit in a house hack duplex I am living in as an Airbnb rental.I believe I am eligible as the property has only 2 units and I am the owner and reside in the property full time.Reaching out to anybody doing the same thing in my neighborhood to find out what the pitfalls are and any problems encountered so that I may address them first and save time on deciding if this is for me or not.My question is if this is worth doing and is profitable in the Jersey City area. 

I am curious to hear anyone's thoughts on what the obvious pitfalls could be for me as a 10% owner, and if there is anything I am overlooking.