We have one of the hardest in the country, so just study for it like you’re studying for the BAR exam and don’t take it for granted.

(see if the pasta sticks on the wall like $200 per incident for smoke each time you discover the smell or have evidence) 

Look for the market you want to start in and start studying it, analyzing properties (even if you don't intend to buy), and laying the groundwork for when you are ready to invest.1.

Study the market.

After auditing tenant files for people that were evicted, we discovered she needed to improve her tenant qualification skills.

@Bob Wilson  I hope you know that you can do cost segregation studies on rental homes as well.

Most investors don't take the time to study the PMC side of the business, yet they just constantly push for cheaper management fees.Inflation is driving costs up for everyone, so why would a PMC be able to afford to LOWER their fees for you just because rents are increasing?

  $400 is out of the budget for most people.Conclusion: RV rental arbitrage is not feasible.My next study will be to arbitrage a houseboat.

If you close on the property and then discover the roof is leaking, the main sewer line is nothing but tree roots, really any major expense, that can easily put a borrower in a position where they do not have enough actual cash to solve the problem, so the property loses value due to deferred maintenance, or the borrower digs themselves into more debt, making it even harder to get another loan to cash me out of the equation at that upper 20% of equity.

Lender flubbed and terrible to discover this at the end.