@Desmond Fielding First mistake was telling friends your intentions with your current house.

This is best done by actually eliminating GC types and going straight to subs.

Next thing you know I had spent years blazing through a dozen plus strategies, survived the mistakes, and found myself in ownership of a remodeling firm again, a lumber yard, 2 home improvement product lines, consulted to hedge funds, worked in syndications, and it was like a blur. 

@Jonathan BeaumontEven if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

You will catch a lot of mistakes you are making on your own if you start to think this way.

@Gabriel Sanabria most of the pro’s are tied up in the differed Capital gains and the potential to eliminate a portion of Capital gains depending on how long you hold.The cons are red tape and location.

For those that invested in their first flips or short-term rentals, everything has been rosey and a strong market erased most of their mistakes.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

Normally I would say learn on your own, but if you're in a hurry then better to learn from other people's mistakes.  

Alternatively, you could househack to eliminate your cost of living and build up your cash faster.