Someone to say, “follow these steps and you won’t make a costly mistake” - Like:1.

I just saw a video about potential mistakes in doing wholesaling.

I believe our mistake was that we did not ask him to provide a renters reference.

So here are your loan options, from worst to best:1.

Worst case scenario, I’m just talking houses with my neighbor and I move on to someone else.

I think it’s pretty dangerous to start generalizing these things due to the exponential nature of what a spreadsheet calculation mistake could cost you.If you already have a process in place it’s pretty easy to see what it would look like at different scales but that needs to be defined from the beginning.

I have tried and done a lot of things and learned from my many mistakes, let me share a few concepts, even though you won't like it, I hope it will help.So, when you look at the economic model of a 50k property, it's not only bad business for a bank, it's also bad business for the investor, for a number of reasons.Tiny 2 bedroom homes have a really bad income to operatingexpense ratio.

They were the worst spot in the neighborhood, so I am hoping property values rise. 

There are a lot of uncertainties right now, mistakes that can be made on a first deal may not be fully understood right now.

You should have enough deductions to show zero income from your duplex or at worst a very small amount of income.