Before investing in any area, conduct thorough research, consult with local real estate professionals, and assess factors like job growth, crime rates, school quality, and demographic trends.

There is a chicken/egg problem there because you need the business to need the warehouse and you need the warehouse to have the business.Also, I've thought about finding an accredited investor who would put the money into an oil well on my behalf.

Also - we just made a new guide to help people how to use BP for their business, called "Using BiggerPockets to Grow Your Business" - definitely check it out, I think you'll find a lot of value in it.

My company does the following:• Free and simple MLO Licensing (22 hours online or in person and you choose your schedule)• Mortgage team to handle the backend (meaning, no structuring, underwriting or processing loans) • Competitive mortgage rates backed a company with 20+ years in the business• Downline revenue stream on the lending side (similar to EXP model.)• They do not have to change brokeragesIn my mind, there aren't many cons to this.

As you start closing deals, you will need to reinvest your profits into mailing lists and other scalable activities to grow your business.

The book is saying open up multiple accounts for your business for the purposes of charitable giving, owner income, taxes, paying down bad debt, etc.

It is a great brokerage and system, but it is the most "pyramid" style business in the real estate business.

And don't forget to think about property management, whether you plan to handle it yourself or hire a professional company.Before purchasing your first rental property, it is important to conduct a detailed financial analysis using tools like real estate investment calculators or spreadsheets.

There is no need to factor in attitude or personality in the business.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.