My father is a pretty seasoned investor and this will be the first project I take on with him.

This was my BEST move I have ever made because it allows me to weather ANY storm, including the Coronavirus of 2019 (COVID-19).As a seasoned Investor that when through ALL of the crashes since 1997, I would like to impart 3 things:1) If you cannot achieve a level of expertise in a profession you have studied for in all your educational history and young professional history, how can you think you will be able to achieve a high level of success in a new profession such as RE?

You do not allow leases to begin or end outside the season because it is too risky and you cannot afford the risk.

@Keandre Livingston Most accountants are busy right now with tax season.

See my last post about trying to lower two loans from 6.5% to 3.8% (refi) I would save about 100 per property (200)I asked the underlying question bc I was not sure to take 172k or less around 130k and 200 dollars is the difference .The numbers work, is it something a season investor would do (maybe not to cover the .200, but a move he’d consider for whatever reason )?

I think it would be really interesting to know how investors have structured their assets, from those just starting out to seasoned investors.Feel free to share as much or as little information as you’d like.

Or we might pay them off if our business has a good summer season.

As far as RE diversification I would look at it by sector: multi family, residential, commercial, industrial and self-storage.

If you ask seasoned investors about their regrets, most will say they should have started sooner.In other words don't overthink it, take advanatage of the low rates, find a lender who can do 5% down conventional and buy the best duplex you can afford: try to get one that is large in size, is in good condition and at a good location.

My question is: what do you seasoned investors look for, in order of priority, before you decide "I like this one"?