The two biggest mistakes I can think of that most beginning investors make are underestimating repair costs and overpaying for a property.To prevent underestimating repair costs, team up with a good general contractor who can give you an estimate of what it will cost.To prevent overpaying,  really make sure you understand what your ARV is and try not to pay more the 80% of the ARV minus costs.

Honest question, why are you asking strangers on the internet instead of asking your current or future PM? 

So hopefully the internet brain trust can maybe give me some guidance. 

This has won the internet today for me. 

However, with that multitude of knowledge I've gained (and still searching and learning) my biggest concern now is after I accept the offer, relocate, and start getting paid I want to ENSURE that I dont suffer from "Lifestyle Creep" and focus all of my money on preparing myself and my bank account for getting started in real estate investing.So my question is this,Should I seek a financial planner or an accountant to help me manage my finances to achieve my goals in real estate investing? 

However, with that multitude of knowledge I've gained (and still searching and learning) my biggest concern now is after I accept the offer, relocate, and start getting paid I want to ENSURE that I dont suffer from "Lifestyle Creep" and focus all of my money on preparing myself and my bank account for getting started in real estate investing.So my question is this,Should I seek a financial planner or an accountant to help me manage my finances to achieve my goals in real estate investing?

The contract we're dealing with goes until 2027 and our business plan includes implementing faster internet and smart technology which we wouldn't be able to do unless we can find a way out.

Looked at most markets that are trending and some not so trending markets...I guess my biggest fear is how does the heloc or cash out refinance work?

Hello BP,I'm a long time MFH and SF GC in the Houston area, and now I manage to secure a piece of land in the DT area to develop my first multifamily project, the biggest challenge I'm facing is raising the equity capital ($4M).

The last and potentially biggest perk of the HELOC is that they can not call back my HELOC if the market tanks.