I will update this thread with details as the deals progress, not to be pretentious or because I'm looking for a pat on the back but because before my first deal, it was extremely helpful to read about others first deal, the problems they encountered, and how they handled them in the real world and I hope that my story helps someone else jump in with both feet.On that note I will finish with my lesson(s) learned.

The ones that did finish I found to be extremely helpful.

@Cheryl J McGrath there are many calculators, spreadsheets, and resources out there for analyzing properties, but there's no fool-proof app that can tell an investor everything they need to know about a property--because REI involves a LOT more than just data.For instance, a musty smell in the basement caused by water intrusion, a neighbor with a loud barking dog, a floorplan that's awkward but that could easily be re-arranged, significant settling, the location of load-bearing walls, the routing of electric, HVAC ducts, and plumbing  --these are just a few of the MANY factors that might cause me to buy (or not buy) a property, but none of these factors will be conveyed in data or on an app. 

., and I really liked her personality.My mistake - I assumed that if husband's work standards are extremely high, his wife's standards are also high, and it took me a while to figure out I was wrong.

It’s true that many of the skills required for various asset classes are transferrable, but each asset class, market, and business plan have unique challenges that operators can only perfect by working in those situations over a significant amount of time.If an operator is new to a certain asset class or business plan, it is extremely important to know that they have been successful in other areas.

Did they have to do ozonation treatments or any other extreme odor remediation?

As is, this property looks like it’s extremely over-priced, but the reality is just that it’s underperforming.  

Our neighbour there has complained about him being loud. 

@Matthew Metros: There are too many mistakes here and as a noob, you have to be extremely careful. 

It is extremely important to watch your dates and get the documents you need.