The revenue and expense categories line up with your Schedule E which makes it a breeze to prepare for filing your taxes and I like the reporting features, too.

We both knew we were aligned in our goals and had a clear understanding of our respective roles in the deal from the outset.If seller financing is part of the equation, look for someone who’s not only experienced with creative financing but also understands how to manage the potential risks involved.

The point is that if you ever find yourself involved in an eviction or a contested deposit, you don't want anything in your lease or that you've charged for that will make you look foolish in front of a judge.

You only want to file a claim if it's much greater than deductible or your rates shoot up pretty quickly. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Instead of 40 houses cash flowing $200 each or $8000/month, you buy 10 houses and pay them off for a cash flow of $10,000/month with 1/4th the headache.People don't understand the amount of time, energy, and stress involved with managing a lot of doors, especially if they are lower-class properties typically needed to generate cash flow.

Here is a link to a recent allocation from Harvard's endowment: https://finance.harvard.edu/files/fad/files/fy23_hmc_letter....These allocations can help point out asset classes that are getting overheated versus those that are relative values, since the asset classes that are getting over-heated will start to show themselves in outsized allocations within your portfolio.

I see people without”mentors” who have NEVER had any success with the strategy they’re teaching or haven’t had any success in real estate at all, or have a history of failure often with multiple lawsuits and bankruptcy filings acting as “fronts” for marketing companies out of Las Vegas and Provo, Utah utilizing phone boiler room operations.  

But I am involved more in multifamily and hotel resort investing now.  

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.