Market Knowledge:Deeply understand your market.

Beware of realtors that try to sell you on lifetime foundation warranties or tell you the foundation is solid. 

I understand the “old” wisdom used to be manage the first one or two yourself so you know what to look for in a PM when you have more.

Normally we have bookings pretty solid during the week but this year not for July. 4 day stays, Fri to Mon.

Verifying last 2 years of rentalhistory and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

The ENTIRE mentality here is wrong.Listen carefully and hoe you and everyone else here understands this.Consider this.I have 15 kids, 4 dogs, 300 chickens, 3 wifes (that don't know about eachother), an uber eats job, and 35 dollars to my name.

Understanding the potential rental income is crucial in assessing the profitability of the investment.Expenses: Do you have a clear understanding of all the expenses associated with owning the duplex?

Starting your journey with a BRRRR strategy is ambitious and offers a solid path to building your investment portfolio.From my experience, if you're considering both the PDX metro and Salem areas, each has its unique advantages depending on your investment goals.

Once you understand the ins and out of real estate financing you will understand the creative financing wholesale, bridge loan, etc will be no brainer.

The biggest issue is often understanding rent, it is often underestimated.