One of the mistakes inexperienced buyers/investors do is lump all of the types of property together without viewing the details and then wonder why one costs a fraction of the other.

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.

I personally believe this would be a mistake, with a few minor exceptions.Exception one: I bought a home a few years back that only needed about $20k in rehab so it was very light work for my area, kitchen was perfect and area was fantastic.

here's the story:a mistake was made 2 years ago before I previously refi'd.

I figure if we do good at that, then we can be forgiven if we make mistakes down the road and mistakes will happen, that is simply the nature of a business.

In California there is a 12 month period in which to challenge the tax collector if the sale was improperly held (accounting mistake, improper notice, etc.).  

I'll try to keep my mistakes to a minimum.

What were some mistakes you would avoid if given a second chance (besides analysis paralysis)?

If a contractor is going to make a serious mistake once (or try to screw you over once), he'll do it again.

I made the mistake of buying a few that were too far out and they were hard to rent for my target return, so I sold them.