Be sure to be as active and engaging as possible.

Only engage in the real estate transaction to get the extra 7% a year in earnings, so it is therefore worth time, effort, and risk.So if for instance your kids are going to college nearby and need housing anyway 4% yield is okay.

I wish you all great business success, prosperity and few headaches.Speaking of headaches, let me share with you my current debacle in hopes of getting some reassurance that I haven't made a big mistake and if so getting some ideas for softening the impact.So here it goes...For one reason or another and against some of our core principles, we engaged the services of a GC for our latest rehab.

Be sure to be as active and engaging as possible.

Originally posted by @Chris Stromdahl:@Marcia Maynard The carpet will be sufficient for the current tenants tenancy and then we plan to install hardwood or laminate flooring for long term durability.Consider installing vinyl plank flooring that looks like hardwood when you make the change.... here's a link to a pretty good previous BP discussion on flooring choices.http://www.biggerpockets.com/forums/52/topics/1371...Glad the tenant screening questions worked well for you!

That flooring is vinyl plank commercial grade and its floating so we saved a lot on installation.

Be sure to be as active and engaging as possible.

Be persistent, stay engaged and you can get to know investors who you can call or talk to before you make that first investment to get their opinion on what your looking at. 

Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet 7.

Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums: http://www.biggerpockets.com/meet 7.