I don't think you need terribly wide diversification, but betting the farm on a single transaction is a bit much.

All bets of what was hot and what was not should be off the table and reviewed to see how the virus impacts each market.

Typically 10-12%, unless you have a pretty big portfolio.What about water/sewer, lawn care, snow removal, and admin/professional costs.I bet you end up between $800-900/month cash flow, but that's still really solid!

Add value and solve people's problems and we will have no worries about profits (regardless of the business).The populist movement is only going to continue to grow (as automation grows)...we need to stay nimble and adjust as things change.

Best bet is loopnet or har until you’ve got a few deals under your belt.

Best bet is to go down to city hall and talk to them and get your questions answered on what you need to do.

You never know what situation a person is in, you may not be aware they would never sell a home through a Realtor, and you may not know they've had their home listed as a FSBO for the past two months with zero traction.On top of that, mailers, bandit signs, canvas neighborhoods looking for the odd house out of the bunch are your best bets as well.  

Tax is a little different than attorney's - we don't have to be licensed in every state, we all have the same starting point of federal income, and make adjustments from there.

When we went through the potential property I bet there were 40-50 dead bats in various parts of the home & the smell was terrible.

If you don't get a lot of leads after several days, adjust your price slightly downward.