What was the biggest mistake you made early on when investing in real estate?

Quote from @Mackensie Matze: This is a common mistake.

@Michael PetersRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Not all would take the time, but I liked to encourage it because it can help avoid costly mistakes.

I know this is not going to be immediate...I will be making mistakes, I just want to minimize the damage of those mistakes!

My mistake in explaining.

@Vishal ChandanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I got it for 45 cents of a dollar, but based on my mistake I would not bid no more than 30 cents a dollar expecially in Upset sale. 

My upcoming book details an investor who lost a couple hundred thousand in her first few years due to rookie mistakes.

However, it reads as a broad release, even for misconduct or negligence, especially if they were to make a mistake on a wire.