Putting together a solid team will reduce risks and expedite your investing process.Establish Specific Goals: Whether your goal is to increase your wealth through real estate, attain financial independence, or generate passive income, clearly define your investing objectives.

We thought about hiring a lawyer but the legal fees were expected to be in the range of $10k to $15k and would have taken months (if not years).

After you speak to 3-4 lenders, the remaining 10-12 should be easier as you'll know the language more specifically.

There are specific requirements for the solo401k.You must be a business owner with no common law employees and earned income to supplement the 401k plan.

A contract would have legally obligated him to perform.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

It can be a challenge to get them after closing, if at all, as no one is incentivized at that point.A lease is a contract and it cannot be modified or terminated unless both parties agree or there is a specific provision triggered in the lease.

However, since these pipes are exclusive to the unit and the problem is deemed normal wear and tear, it's likely the landlord's responsibility.It's always advisable to review the lease agreement and insurance policies for specific coverage details. 

What type of properties are you interested in purchasing seems to be going after a very specific asset class purchase price amount.

Beware they tend to give BPO's which are closer to ARV's vs As-is values (as do majority of sellers) so don't leave much room for profit after taking into account holding costs, legal, taxes, etc.