It is critically important to have (1) a business plan that says that; (2) some source of other income to support yourself; and (3) the dedication to stick to your plan.  

Systems Built: vetting and selecting contractors (goes without saying how important this is), writing joint venture agreements (which helped immensely in this project), building contract document packets (for holding contractors accountable), processing hard-money lending (must understand the nature of this form of lending), creating initial material management processes (this is one expense you have total control over), selecting builder's risk insurance policies (must haves and what to know about coverages), managing the finances of a project (this is critical to control and tough to implement), and more.Placed this property under contract in late Dec 2016, closed near the end of Jan 2017, allowed the previous owner to holdover with rent back for a about two weeks, and began demo a few days into Feb. 

I'm in no way an expert and have a tendency to be very critical, but here's what stands out to me in the pictures:1.

If only I had done more USA investing when the pound was two to one (I mention this because currency and tax have started to become as critical to my decisions as other factors).if you want exposure to Europe it's probably easier via equities or currencies unless you are keen to learn all the intricacies of the local markets.

This documentation will be critical for tax purposes.Consulting a Tax Professional: Tax laws can be complex, and there may be nuances to your specific situation that could impact the best course of action.

This decreases the number of renters, leading to a decrease in rent.The critical driver for rising prices and rents is population growth.

If your skin is rice-paper thin, then don't ask for critical feedback. 

Don't shy away from critical conversations though.

It was sitting directly on the concrete foundation and the walls are already open to replace leaky facet pipes.

It's critical to have a detailed plan to complete the renovations and sell the property as quickly as possible.Avoid Over-leveraging: Borrowing too much money can lead to financial trouble.