Negotiating is a skill that every investor needs to hone.

$1,250 a week will get you 2 workers and the contractor overseeing the project.For the skill intensive ones my contractor knows everyone in town and will pick the most cost-efficient, reliable one.Flooring is all laminate hardwood, except the kitchen and bathroom, we've already purchased it for $2.39.

While I should have been much more scared when I was at the helm of a small Cessna that isn't nearly as safe as an airliner (and I certainly wasn't nearly as skilled as even a rookie airline pilot), I still wasn't at all scared when I was in the air flying myself.

Then you do have "skills" should a said that before.

The alternative is to invest in someone else's enterprise and let them take all of the upside that is skill-based.

I'd suggest you change that strategy/mindset to investing in your knowledge and skills.

My advise would be to keep assessing your strengths, resources, skills and knowledge and figuring out how to use those things to accumulate assets that replace your earning power.I hope this is helpful.Mark

This is something I learned the hard way, but once I learned it- my business took off: There's a single master-skill to do both: analysis.

-Time you must spend on a property vs cost of a PM-your experience and skill(dealing with legal issues, maintenance, tenant problems, determining good tenants etc etc)-cashflow-quality of the PM (goes without saying I suppose)-Network of resources to deal with issues (lawyers, handyman, plumbers, electricians etc etc)All things to consider.

There are several things a good businessman should know whether he's flipping houses or building rocket ships, such as ethics, deductive reasoning, spelling/grammar skills, communication, etc.