The only bad mistake that should be avoided is buying a bad location.General Tips: I could spend hours talking on this one.  

Hey @Zongfu Li, you should try and work with a mortgage broker to avoid these scenarios.

I am 100% ok with my w2 providing me income to maintain my life and grow a nest egg for the later aspect of life  

A line of credit won’t commit you to a monthly payment unless you use the money, so you can avoid paying interest when it’s not in use.

We should have a "good, bad and ugly" GP list for people to look up and avoid these GPs in the future.I wonder if anyone of you have heard of 711 Rescue and can let me know if this kind of company might be able to help the LPs.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Avoiding the occupants from squatting is best addressed with background checks, employment verifications, and references before signing the lease.

NC is a great market for your goals, however it will be challenging to find inventory that has much cash flow; many people who toss money into multifamily here do it to avoid the tax bill + take the 10 year runway of growth.How much SHF RE do you currently have?

That clause avoided a lot of headaches when the seller eventually exercised their option.Seattle permitting can really be a curveball.

So, we avoid this by using the customer feature.