I've made a few RE mistakes in my days and, although not my current profession, I'd like to think I've learned a lesson or two in RE.

We hope to find a property that doesn't need much work since it is our first one, and we really want to learn the ropes and take our time with it to minimize the number of mistakes we make.

Hi all - I have a question that is most likely for tax specialist's and attorneys, but I thought I would see if anyone here has any insight. I sold a property with a partner and we put the money into a 1031 and bought...

On the downside, I know it is not easy to determine COMPS for multi-family homes because sometimes there won't be any mult-family homes around to try to figure out the ARV of the property.Am I making a mistaking by not considering SFR to my portfolio? 

Based on what you have said so far, I think you would be making a huge mistake trying to manage this rental on your own.  

HOWEVER,  I made a huge mistake as I didn't have it permitted and that story is pending....wish me luck!  

His plumbing mistakes caused my about $12,000 in damages.

Having a few mentors that have been down this road would make me feel at ease and educate me to work around mistake they made and things they would do different.Current equity @ $100,000.00My goals are;-own rental property-still would like to flip to keep the cash flow positive-invest into higher end commercial rental property/ apartment complexesThanks,Brandon 

One mistake and you are toast.

I'm digging in deeper trying to figure out if there is  subordination, or possibly some sort of oversight/mistake by title.