So after 1.5 years of searching, putting in offers, losing deals after inspections, yesterday I finally closed on my first investment property.I put together a document of all the lessons I learned that I did not know prior, despite countless hours of investigation on my end. 

And I always check the actual price the guest pays- because I haven't yet build direct booking (it's on my list) and the final cost (on VRBO and Airbnb) usually makes me re-think things with a larger perspective.

On the day of closing, we drove Anna and her son to finalize the sale, then immediately took them to the airport to catch their flight to Las Vegas.The most rewarding part of this experience came at the airport when Anna hugged us, crying tears of joy.

.### Final Thoughts:- Consider a modest but impactful price drop to $235,000, which is closer to your minimum acceptable price, and simultaneously address any concerns buyers might have by being proactive with inspections and disclosures (mold, cesspool). - Don’t hesitate to tweak your marketing strategy or even target alternative buyer groups like cash buyers or investors looking for vacation rentals. - If you don’t get significant movement within the next few weeks, preparing for a rental strategy might be the safest way to avoid holding onto the property through winter at a loss.

The values listed may not match the total acquisition cost, but the proportionate ratio between the land and improvement values can be applied to the final purchase price for income tax purposes.Commission a full-scope land appraisal: Another option is to commission a full-scope land appraisal.

We passed final inspections and have our Certificate of Occupancy.

This proactive approach has made a significant difference in maintaining positive cash flow and ensuring long-term success in my investments.Key Lesson #5: Build a Strong Network Finally, I wish I had focused on building a network of real estate professionals earlier in my journey.

all my interactions with Scott have been positive (forums and in person).Final item is as is traditional they announced location of next BPCon after final keynote.  

This could be the perfect timing to convince a property owner it’s time to collect their final check for the house.

Toward the end of the due diligence period we received the final piece of critical info to make our decision: a lease agreement for a cell tower on the corner of the property.