I have spent a lot of money on education, coaching, and other business-related expenses, and by far, networking has achieved the highest return on investment.

I have first hand knowledge of a fire claim - I will be rebuilding a house this year.....Many people look at this as a way to "make some money" by getting an insurance payment of $X,XXX and paying less for a repair. 

Single-family home sales rose 7.8 percent year-over-year, with 7,586 units sold, marking the third consecutive month of positive sales and the biggest volume increase of 2019;On a year-to-date basis, single-family home sales are 2.2 percent ahead of 2018’s record pace;Days on Market (DOM) for single-family homes edged up from 56 to 57 days;Total property sales increased 7.8 percent, with 9,063 units sold;Total dollar volume jumped 9.6 percent to about $2.7 billion;The single-family home median price rose 2.1 percent to $245,000, achieving an April high;The single-family home average price was up 1.9 percent to an April high of $310,676 – the second highest average of all time;Single-family homes months of inventory reached a 4.0-months supply, up from 3.5 months last April and the most plentiful level since September 2018.

I could tell you personally as an investor I was never more stressed ,more busy and lost more money due to owning these properties and as a management company I can tell you that did not change the challenge of these properties is they are very high time intensive type business models and if you were not there to be hands-on to deal with the older properties ,higher maintenance ,month to month type tenant mindset you will not only lose money but the personal stress level you will endure will make your whole real estate experience a negative one We got to the point when we were unloading are low income properties that we actually had to come to closing with money but we did that because we no longer wanted this to be our problems.Just make sure that if you do move forward and buy these properties that you’re buying them with the strategy they will align with your future goals find a deal because you think it’s a deal if it doesn’t not align with your goals it’s not a deal it’s a diversion from focusing on why are you involved in real estate.I know because I learned this first hand and it was a very expensive and stressful mistake that I would not want anyone else to do them selvesWe have 50-60% of our investors Come to us from out of state and even though they start not knowing anything were able to help and guide them by being on their team to give them the right advice so that they understand why they’re even doing this before they ever actually buy

Our overall goal, like many on BP, is to achieve financial freedom and retire (i.e. not working traditional 9-5 jobs) in the next 5-10 years.We both want to get into real estate investing and after much thinking, debating, and late night discussions there are a few decisions we could use some advice on.1.

I thought it could be helpful from a lender perspective, but a one page paper showing my goals and how I plan to achieve them should suffice.

We have first-hand experience on several of these:SURPRISE EXPENSES - Some condos will say their HOA fee is $X/mo. 

Is there anything more i can do to achieve my goals or am i wasting my time?

Yes, our goal is to help as many people here as possible achieve financial freedom.

We are also gutting this building which is a 2-year project to increase rent to market level (to be conservative, even though we have achieved higher than market rent in our other buildings).