I think the biggest weakness is having the tenant do repairs in exchange for discounted/free rent.

Biggest HELOC available.

I'm assuming the HVAC was your biggest cost?

The biggest part of ANY paint job is the preparation, the better the prep, the better the paint job looks and lasts.

You'll notice that debt started to massively accumulate in 1981, during the Presidency of the biggest supply-side administration in history (Reagan is the Conservative's fiscal idol, and while I think he was an awesome President for other reasons, it's clear that his administration kicked-off the current debt problem).

This is one of the biggest reasons many people use a property manager, so they don't have these dealings.

Often times sellers will agree to a wholesale price because they have a problem, the biggest problems is often tenants, even if it is family.

It’s also a great place for the not-so-seasoned investor to start, as it comes with some of the lowest barriers to entry.But for the uninitiated, with Chip and Joanna Gaines’ style Fixer Upper dreams, only getting their facts from shows like these can come with a price tag that could leave them making the biggest mistake in the rehab real estate industry – not having the right insurance coverage.Why insurance is keyEvery dollar an investor spends fixing up a house they’ll soon be flipping cuts into their profit margin.

If your finances / credit are a shambles and your current income isn't helping you sort it out,     then obviously you need to focus on gaining more income.Set your financial issues aside for now - they're not helping you - and learn to work around them.One of the biggest newbie mistakes is thinking that you need your own money and sterling credit to get into REI.While those certainly do help, if you don't have them, you need to find a different solution.Learn to attract and engage private lenders.Folks with large retirement accounts - medical people, attorneys, ... high-income professionals who may or may not be self-employed - need alternatives to the risks, whims and paltry ROI of Wall Street.

Your biggest concern will be that most MF's have the LL pay for electricity (sometimes) and water/sewage (almost always).