Not having sufficient contacts or referral base5.

Notes to take away from first investment 1) FHA financing is very strict on self sufficient 75% to value rental income verification.

Though you will pay a commission for the service of an agent, a vast majority of the time the increase in sales price gains the seller a better "net" price aka more dollars in the sellers pocket.  

Of course your dad can BRRR two properties at once, assuming his funds are sufficient.

Vastly minimize risk and maximize results by putting an amazing team around you- with lots of experience and ask a lot of questions.

@Colleen F.Thank you very much Colleen, this was very helpful.I guess there is just one thing I need to make sure whether heat pumps can generate sufficient heat during winters here in midwest.

I think the vast majority of people who are claiming Covid as an excuse are legitimate.

As I mentioned earlier your current home will give you wealth preservation/storage while others area will give you vastly increased monthly income, hope that helps.

But I manage nearly 400 rentals for 200 different Landlords and can show you how the vast majority of them are making more money after paying my fees than they did when self-managing.

I created a new checking account with the credit union that gave me the loan, is it sufficient to just fund and charge everything from that account?