The house is under contract for $265,000, learned a lot of skill's details along with investment concepts especially how repairs can drastically bring value.

Sooo I wanted to know what do other do to hone skills and fill that dead time.  

Notwithstanding your already fine answers, Tyler--my guess is the owner profile of 5-20 unit properties has a higher concentration of investors who are stretching the limits of their financial capacity and management skills. 

Set your criteria and thresholds for returns...when you see something close, pull the trigger...close, not perfect.Aside from that, your #1 skill to survive in this industry is understanding how to structure a deal...there are lots of ways to do this, but only a few make good sense...remember, fundamentals (buy-and-hold...buy at discount).

I believe I’ve developed skills in my career which will allow me to do well in this industry.

Would I have a great ROI in learning a certain skill related to house renovation?

Hi everybody,Currently, I am entering my final semester at CSULB and earning an M.A. in Political Science, while working part-time at a fashion retailer.In joining BP, my hope is to: network, learn the ins and outs of real estate investing, and to develop skills that would make me an asset to any future teams and partnerships.

You may be eligible for a Self Directed IRA, which is a different type of account.Not all CPAs are equally skilled in real estate taxation and strategy.

I think being really good with your writing and language skills could help.

As practice, I created a simple cash flow analysis and I wrote a simple mortgage calculator on Google Sheets, and found that skill useful when I bought my Mexico property.