I would like to know what impactful advice/lessons you have discovered that still guides you to this day in Real Estate and in life?

Without understanding those two items, finding buyers and sellers as well as understanding the mechanics of the deal are essentially useless.

Sounds like they'll be providing bids with essentially zero opportunity of ever getting the work (or getting paid).I know you probably think you'll pass the bids on to your end-buyer so your end-buyer may use the contractor, but in reality, serious end-buyers will have their own contractors and will generate their own repair estimates.

As a homeowner I have gotten letters from the town essentially saying we noticed a hole in your yard - you are not doing anything we didn't permit..  

(Possibly these last three might be different versions of essentially the same thing)

It's essentially a pretty hefty text book, with about 25 chapters that you'll jump around through based on the curriculum they tell you to follow.

Like for instance a "temporary moratorium" on payments.Study up on annuities, as home sellers are essentially taking their equity in installments. 

You are essentially looking for the intersection of four factors:1. 

If the loans are backed by the gov't, they have a lot of power to garnish wages or simply empty a bank account, greatly impacting the ability of the tenant to pay rent.- Tom

Just my two cents.....I would recommend that you write down the necessary tasks in your business that 1) you like the least, 2) make you the least amount of money for your time, 3) do not negatively impact your competitive advantage if outsourced, 4) are easily transferrable and teachable to others, and 5) would free up your time to work on more profitable tasks.