The house needed more work than I initially thought—especially when we discovered the entire plumbing system had to be replaced from top to bottom.

Also, make sure you check if any local licenses or permits are needed for real estate investing.If you’re comfortable with the process, doing it yourself can save a lot of money.

I had a client right after Hurricane Michael who initially got offered half of what his damage actually was worth, but a skilled adjuster managed to get him a much more reasonable payout.Keep a Backup of All Your Documents:Store both digital and physical copies of everything-your insurance policy, receipts, photos, and videos.

For every newbie wholesaler who does 1-2 deals, there are 100 or more who spend their last dime on one month of marketing and don't realize how long it takes to get deals done. 95% of wholesalers are focused on the check and not the client so they aren't solution-oriented and miss the mark every day.

1) Make sure STR is allowed. 2) Get more and the correct forms of insurance to go with your umbrella policy. 3) Skip the LLC. 

I do think new investors suffer from an overabundance of short-term thinking right now.Regarding number 2, I think your takeaway to buy smart is different than a result of wanting to buy more.

If you're trying to wholesale an MLS property (not recommended, in general), you may need to do a little more.3) Books/forums - Here, of course.

I expect the property needs to be fixed up a lot 

For more in-depth economic and housing data, the National Association of Realtors (NAR) and U.S.

Since I don’t have many assets or a lot of cash on hand, I’ll need to be creative and strategic.