Be cautious of advice from people in other states as their contractual and MLS rules can be different along with the terms used to describe different aspects of a deal.

So, every time I hear from someone that they know, for a fact, that their investment idea is foolproof I feel the need to explain that assessing the risk is difficult and the most-important aspect of investing.How many times does it take to understand that investors should never rely on or trust someone with your money or to think that a partnership is a sound and foolproof way to invest your hard-earned money.Very rarely, do partnerships work out.

They’ve also put in the time and expense to become fully educated, and have talent in certain important aspects of the business.So, what is the best way to get started as a real estate investor?

The short term rental aspect is what got my daughter excited, so for that reason we are going to give it a try.

They’re involved in every aspect of running the property and dealing with tenants, including rent collection, leasing units, dealing with tenant complaints, move-ins and move-outs, hiring a team to maintain the property, and so much more.

It is a great place to meet new friends and learn about various aspects of real estate and more.Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingBest of luck!

I would suggest reading Craig Curelop’s BP book “The House Hacking Strategy” to fully understand every aspect of house hacking.

In spite of the fact that they have suffered a loss, there is no coverage for governmental regulations limiting the use of the premises, and there was no notice of the burial grounds in the public records.Tom that's one example, it's not all encompassing. 

We have a handyman that is readily available so we prioritize that aspect. 

Multifamily still benefits from those aspects, but also can fluctuate based on rental amount as well.