It's not something you're good at and your accountant spends more time fixing your mistakes than it would take him or her to just do the first time.3.  

(I made this mistake early on too). 

PMC's also typically take a more pragmatic approach to maintenace.Here's our standard advice about finding a PMC:In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Hey @Chris MasonI'm starting to think I made a mistake with understanding the true definition of 1099.

We always learn from our mistakes, not our successes

@Amanda D Phillips  Even if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

By that I mean do not make the mistake of thinking the title company is assuring you that if all the requirements are complied with there will not be challenges to your title in the future.

Get started, it doesn't matter what path you take, just start, make mistakes, learn from them, get better, but get started and build equity.If I would have jumped in sooner I would be light years ahead of where I am now (even if my first purchase was bad).  

We cannot compete in bidding wars, it will eliminate any possible profit for us.Ok so here are the questions:How do I get deals from wholesalers or real estate firms that have already generated the lead?

We have made mistakes through the process but they were small due to the fact we had bumpers in place in the bowling alley of Investing.