Strategies that use hope, is how people get burned, bad. 

U only have to be burned once when title comes back 3 days before closing ( which can be very common in abstractor  states ) only to find it title is buggered.. title companies and closing attorneis may have their process's but a good agent just lets them know this is how escrow is going to flow.. they will wine but it cost 200.00 for a title search and we dont want to spend that until we know we have a closing.

From there, our mastermind component really helps plug any gaps, answer burning questions, etc.

If you’re trying to do everything yourself that is a sure fire way to burn out.

You should never allow a wood burning fire place in a rental property to be used by tenants.

@Jonathan S. you'll get burned if you buy real estate rentals and do not, "manage your manager".Even the BEST make mistakes and no one can catch every mistake.So, it takes a team effort between a PMC and an owner to make it work:)

I know in business that every dollar counts but is it worth it to burn a relationship? 

@Melanie P.Thank you for your response.I agree with you there are a LOT of garbage syndications out there and I know a lot of people that have been burned by them. 

And just the other day, I was grabbing coffee with a friend who reps a group of invsetors out in San Antonio.. they got burned early on by not clarifying their rental criteria, picking up a triplex that sounded good on paper but turned out to have a revolving door of problematic tenants.A baseline business plan isn’t just a mind-numbing exercise.. it’s the guardrail that keeps your momentum from swerving off into the ditch.

I would say if you do jump in without physically going to the area...you should definitely buy in a nicer neighborhood (I hear too many stories with new investors getting burned investing in bad neighborhoods).