I do not have many resources, but I am comfortable taking some risk and relying on my intelligence and research.

.- Maintain proper records, such as contracts, settlement statements, and promissory notes.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

You will need an attorney to properly structure the partnership and you will make sure you do it correctly.

Forgive me kind folks here for the many questions, I consider myself a newbie and believe that even if my questions are basic and many, I persevere and try to know from resources and of course great folks like you all here to grow and learn to make the right decisions.

Buying a property without doing the proper inspections. 3.

Whether you're setting up your first property or looking to optimize your current listing, this resource is designed to save you time and help you avoid common pitfalls.If you're a new host or just curious about how to set up a profitable Airbnb listing, drop your questions here!

I've been informed that completing the course alone may not be sufficient to pass the exam, so I’m seeking advice on how to prepare effectively once I complete it.Currently, my only other resources include a YouTube video, five practice exams, and a textbook.If you have any additional suggestions—whether online or in-person, paid or free—that could help me effectively prepare for the exam, I would greatly appreciate them.

With proper tenant screening and systems in place you can absolutely be a successful landlord.