There is much to learn: pricing, marketing, screening, contract law, lease enforcement, late/unpaid rent, property abandonment, squatters, maintenance, tenant neglect or abuse, communication, and 417 other things.Buying a decent property but not managing it well can impact your finances, marriage, sanity, physical health, and desire to invest.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Here’s the bottom line:  Long term success as a real estate investor or real estate business owner requires knowledge of (1) real estate principles (2) real estate finance and (3) real estate law.  

Although our license doesn't place restrictions on where we can practice, there is nuance to know within every state.

It sounds like you are not in compliance with those laws if you don't live nearby.

For me, it's about practicing Cooperative Group Economics: It's not about me maximizing my profit, by rather about me maximizing the benefit to my community.

Without reserves, they might be unable to evict tenants or prepare the units once they are vacant.Great points—walking the property and speaking with tenants during due diligence is a practice we now prioritize, along with running tenant histories through eviction databases.

Curious if 1031 Exchange laws vary by state, or if it is just federal legislation.

I work in law enforcement so I already think about all the "what ifs" and worst case scenarios!!!...

Purchase price: $110,000 Cash invested: $150,000 This is our first deal as a full family (Parents, sister and brother in law, me).