Heck, I was nervous on one of my most recent purchases because it was my biggest ever - and I've done over 100 transactions.Your current house is probable a Class A property - which is the easiest to manage. 

That will likely make the biggest difference on if it cash flows or not.

My biggest tip: research, research, research. 

My biggest piece of advice would be to find someone who is in the position you would want to be in 10, 15, or 20 years and meet for coffee.

Happy to chat...being a local GC takes out a lot of the risk of the biggest variable for most investors (unpredictable rehab costs) and also allows you to consider more options than the average investor, with your rehab costs being significantly lower.

These investments may be better than a mutual fund, but REITs miss most of the biggest benefits of owning real estate.

Investors Love ItOne of the biggest challenges in real estate is raising capital.

-Kwanza  I believe the biggest lesson I learned is that you should manage the property manager, particularly at the start of the relationship.

Crazy.... you are letting someone you dont know live in possibly the biggest investment in your life.... and you dont check out who they are???.....

Quote from @Agatha Simmons: Uffda.One of the biggest mistakes landlords make is failing to stand up to a problematic tenant.