It's a costly mistake to buy a property you intend to use as a short term rental if you can't short term rent it.

I made a mistake by saying we would change the locks, but that is why I am here - to learn and further prepare myself. 

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. 

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.