But I'm going to keep an eye out for the next one and prepare a little better, possibly taking some time off work to ensure I can make it.

I find this very helpful to stay organized and ensure that both me and my tenants have the same documents and everything is time stamped in case there is every disputes.

I run the numbers, assist with tenant selection, execute the lease, responsible for ensuring our PI's are paid back (w/interest), and because I live an hour a away I went to work at the property once a month for the three month renovation period (1 visit I cleaned the cabinets to prep for painting, 1 visit I put new knobs on all the cabinets and hung the towel bar, toilet paper holder and a mirror in the bathroom, 1 visit I mowed the lawn and helped move trash to the curb for bulk pickup.

Do your due diligence to ensure the specific terms of the offer make sense, that the buyer has proof of financing or proof of funds, and that nothing is going to prevent the closing from going through as expected.

You want to ensure you have the complete picture prior to purchasing a new property.Good luck!

This article is a great place to start.Whenever I try find professionals to work with any part of my own investing I ensure they have personal experience in my niche.

But you need to ensure that you do this within 30 days of leaving your job as this is considered a 'qualifying event'.

I still go to Wichita Falls on a regular basis to make sure the management company knows I’m pushing the pedal to the metal to ensure the property performs well and I can execute my business plan for my investors.RenovationsBeing 2005 vintage, the property was in excellent condition compared to most value-add deals.

It's supposed to ensure there are no surprises after closing.

You need to also ensure that you've picked a market to invest in and don't get distracted by all the shiny things that pass you by.