@Charlie Cameron Yes my name is very common so I'm used to being confused with another Neal Patel!

In those instances, you have to look at other metrics like your cash on cash return to assess if it still fits your goals and bux box.

The other spectrum is when the investor plays attorney and did not run it by an attorney and realizes they did not understand the legal process and are like “wait, I bought this thinking I could do X but I cannot because of Y”, - and a common response is “your attorney did not advise you of this in due diligence” and the response is we did not use an attorney.

Have a plan and leverage them towards your goal.

Most common I see is a multifamily buyer instantly wanting to go in and rehab units without considering YOC.

Networking sessions are a common element of REIA events, providing an opportunity to meet investors, discuss your objectives, and get guidance.Real Estate Experts: Establish connections with nearby mortgage brokers, real estate agents, and other experts.

My long term goal is to save 20% down payments plus 8% reserves for each house and attempt to buy one per year.

If either property has paper losses that exceed the taxable income of the other, that would neutralize taxes due, but your goal should be 1) produce as much rental income as possible and 2) maintain the property while carefully tracking all expenses and improvement costs so you are only taxed on the appropriate amount of income, if any.

Experience is my only goal and compensations. 

So it depends on your goals and what you want to accomplish.