I learned much about where money was well spent and financial formulas. 

Learn how to read the zoning maps. 

Yes, I must admit this is actually the first time I have ever taken rent up front and will probably be my last-- lesson learned!

We all make mistakes, don't look to blame others, learn from them and move on.

Consider it a valuable lesson learned for a mere $400!  

You can easily learn to source tenants yourself.

Learn from them.Those would be my recommendations 

Hi All,As I am reading and listening to podcasts and soaking in info for my first rookie deal, I have been learning the basics on the 1031 transfer concept that can come into play down the road.The question that occurred to me (apologies if it is obvious) is about state lines. 

I actually learned a ton from them about analyzing properties, investing, self-managing, seller financing, vendor connections, avoiding common mistakes, etc.

Lessons learned?