However, there are good deals in both markets.The key is to know your numbers and what makes a good investment.

Confidence is key!   

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@Jesse StrengIf you buy turn-key, make sure you get your own independent inspection.

Besides putting together the best SOW using accurate/actual quotes as @Peter Mckernan and @Alan Asriants commented above, another key aspect is tracking expenses (bookkeeping) and monitoring the budget throughout the project. 

Your first step should be building a strong team: an investor friendly agent, lender, contractor, and property manager are key.

What’s a key mistake you’ve learned from that could help others?

Hey everyone,
I’m curious to know what strategies have been most effective for you when it comes to finding consistent, high-quality deals.  What is the true marketing channel Whether it’s direct mail, cold calling, ...

One of the key inputs is a score reflecting a property’s condition (based on listing photos).

Include text so that states what will happen if the new lease isn't signed by landlord and husband such as the return of keys by all parties date.