The short version of my experience is: It can be profitable BUT there is a learning curve and you need to reach a critical mass of properties (at least 6-10) to get more predictable returns.  

How critical is popularity such as votes, mentions, and connections?

The use of cash is then critical, if you buy a non-earning asset, like a car, it's costing you.

I am merely seeking opinions and criticism from any of our many BP mentors here with much more experience.

Teamwork is also critical.

I also knew that I was going to be a deal sponsor, and in that case it was absolutely critical that I have an expert helping me every step of the way.  

Knowing what is going on in each neighborhood is critical at this stage.

Once we hit critical mass in terms of portfolio under management we look to expand our boundaries, but first things first.

It's critical to work with a loan officer that knows what they are doing.Regarding contractors, the best way to find one is always through a referral.  

Experience is critical on management companies.I am 59 years old and I found BP about 6 months ago and I am still trying to decide what to do.