A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

You posted a very general question, so here's a very general answer: if you're planning on doing a number of rehabs or owning more than one rental in a specific area, you need to build a positive, professional, respectful relationship with code enforcement authorities or they can make your life a living hell at any time with very little warning.

On top of that, the legal environment is not friendly to landlords.The saving grace could be that the market retains massive strength and property values keep going up.

I say all that to say, your realtor(who come a dime a dozen) does not respect what you are trying to build with them.  

Communication with landlords is actually one of the top complaints with renters, so making sure you are professional and helpful in that respect will be essential starting out!

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Alerts can be really helpful too: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

We learned so much and I have so much respect for him...I always did but he is seriously smart and I could have never done this without him.

So if your structure was an equal split after preferred your investor would get his guaranteed 6% (of $300k) and you would split the remaining $49.8k ($24.9k respectively) giving a 14% CoC.