Would love to learn about pain points from other property managers.So I have a career background working in software and am currently applying simply builds to common monthly tasks such as sending, receiving, and logging payments for rents.

Stay Informed: Keep abreast of any changes to property tax laws, rates, or relief programs that may affect your tax liability.5.

The first 5 times will be painful and frustrating - watch one of Brandon's or David G's videos on how to run the numbers - you'll become quick after a few dry runs.Just make sure you underwrite the deals against your Goals (ROI %, Cashflow $, potential longterm appreciation, etc), and run the numbers as if you're NOT in the property. 

It's a huge pain so you want to make sure you are doing things right so that you don't run into any delays.

Usually any tenant that will be a pain will straighten out very quickly once they receive their first notice. 

There's probably a little pain in the rent growth this year and rent has probably not caught up with sales prices yet, but market still seems good for the long term. 

Yes, points are a pain point for a new investor (pun intended ;D).Seems like there isn't a way around them no matter what lender you talk to! 

@Jay Samudio great advice from @Melanie P.Also, in our 24 years of experience, a tenant that has to get emergency relief typically ends up behind on rent again very soon.Be sure the tenant cooperates with providing documentation explaining why they fell behind and that the problem is highly unlikely to repeat.If they won't cooperate and state, "none of your business', then what does that tell you?

But yes, I anticipate it being a giant pain to do. 

Personally for me, the idea of investing in real estate isn't really about getting "rich" so much as it is just about being well diversified and having multiple asset classes and possible additional sources of income streams (I know the pains of poverty, bankruptcy, and being unemployed).