And, document any and all property preservation money you spend. 

What I do is offfer my angry tennants the opportunity to get into real estate investing, offer them work in maintaining properties, collecting rents, and offer guidance on them being able to buy their first place of their own.Don't you think they would love to have at minimum two jobs to be able to save up the money , work their ends off to build up their credit, hunt down deals, and negotiate a purchase, invest their money knowing there is no guarantee of ever getting your money out of it or of profiting, have to spend thousands of dollars or 10's of thousands of dollars, even hundreds of thousands of dollars in order to be a ble to provide others with housing?

Three months later our tenant didn't pay rent and we had to start an eviction which ended up in her abandoning the property and us spending $8,000 in a cleanup/rehab of the property.

You can even do some of this yourself, but you probably will miss a lot of things if you don't have a professional assisting you.Best of luck!

I simply find and finance the properties and assist in sourcing the remodel to sub contractors.My 2017 tax returns were just filed and I was filed as a dealer, but another accountant states I should’ve been filed as an investor.

Finding deals this way has become very difficult as the competition is quite intense out here these days.Another way is to work with wholesalers who spend all of their time sourcing deals for investors.

Learn how to do some of those repairs, read home improvement books, spend enough hours in Home Depot and Lowes checking prices that everyone knows your name.

It’s incomprehensible to me someone would spend 10$ per day for decades only to give themselves a painful drawn out terminal disease .ive heard it said by physicians that when you see a healthy lung compared to a smokers lung it’s shocking .

I've been procrastinating on doing this post, despite spending many hours reading through the site and listening to podcasts 1 through 45 as of today, constantly given the constant encouragement from Josh and Brandon that is essential to jump right in..

Podcasts are a great first start, but you should spend a significant amount of time reading some books, the forums, etc.