Just have a few questions before we get to deep into the process:What are some common mistakes that can easily be avoided?

You've got to protect your interests because no one else will; at least you now realize that you made mistakes....you can learn and fix them so it won't happen repeatedly.Maybe the friend/family member will be inspired by your actions to buy their own house/rental unit. 

As a real estate investor, I’ve learned the hard way about the mistakes that can cost time and deals.

I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bookkeeping leading to missed tax deductions.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

I’ve BRRRR’d, partnered with flippers, and built most of my portfolio through syndications across CO, FL, and TX, and I’ve seen this mistake over and over again.The Biggest Mistake?

I started my real estate adventure by purchasing 2 single family houses in Oklahoma with 2 cousins, mistake #1.

6 Mistakes Every Co-Living Investor Makes& How to Avoid Them1.

My biggest mistakes that have cost me dearly have all been contractor related, so my advice would be to vet your contractors as much as possible. 

@Stephanie SelbyRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

@Chris LauerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.