Therefore, be prepared to work and invest more time and money than you initially expect.Two biggest advice to shell out are know your numbers and all the auxiliary costs besides the obvious purchase and rehab.

They were slow to get repairs done, they didn't do inspections, they never ran rental market analysis to evaluate pricing, and they had no proper paperwork or documentation for tax preparation.#2 treated my tenants poorly.

It sounds cheesy, but the best way to prepare is to work with a friend or two and role play.

If anyone has any questions in the realm of real estate, I charge 100 dollars for a half hour to speak about anything ranging from discussing your current deals, underwriting, lender questions, investor preparations, capital stack, commercial real estate etc. https://calendly.com/event_typ...

Hi I prepared a list of 28 questions I provide  those that take  my CE classes .

@Alison Kopcko you will have to be prepared to put in a ton offers over a period of time before you land a deal.

But be prepared to lose some money monthly in the short term unless you use a huge DP.

I am much more prepared for my call, but am now aware of and considering other options.Finally, I can't help but mention how impressed I am with the BP community.

If you want to be a successful investor, you need to educate yourself on how to properly manage a rental and prepare for problems before they become problems.

This will allow you to devise a business plan to optimize the property's performance.Conservative investors assume something will pop up at the property and want to be prepared for the unexpected.