Even creating a simple model to evaluate potential deals or predict returns could be a fun way to combine your interests while gaining hands-on experience.The most important thing is to start somewhere.

But more importantly ask for their rate sheet, if they can provide it, to understand, what the true interest rate is, the lenders spread, and the cost for that rate.More than likely if a broker is using the same wholesaler, it is because collectively, that lender is offering the most competitive rate.

One key lesson was the importance of precise budgeting and renovation timelines.

Another important thing to keep in mind is that markets with strong cashflow won't typically have as much appreciation.

Verifying last 2 years of rental history very important!

These are all important considerations, and understanding the requirements can save a lot of headaches down the road.

Keep abreast of the latest fraud techniques and adjust your criteria accordingly.Educate Your Team: Ensure that everyone involved in the leasing process understands the signs of application fraud and knows how to react when they suspect fraudulent activity.Legal ConsiderationsWhile it's important to be vigilant against fraud, it's equally crucial to conduct all screenings within the bounds of the law.

As others have said, starting with a team is important.

Smaller homes are not for everyone, but they almost always work for two very important parts of the homebuyer demographic: retirees and first time homebuyers.

If you only have 1 and are not that important to them and they do a good job I would try to negotiate that down, but would want to keep them happy.