Understand you have great equity position but it is expensive, but more importantly  takes a lot of time and very distracting from other money making activities to foreclose.

These minor details are the kind that distract people from the path of success. 

Take your time and don't let FOMO distract you from your long term goals. 20 years from now, it won't matter whether you bought a house this year or next.

Last summer we bough a vacation rental on Emerald Isle NC so that was a little distraction. 

You don't want to distract the buyers from the house with too many items or stuff.

By the time I got to that point the cost and time involvement was so high I decided it was a distraction to what was already working.  

Expect to spend a considerable amount of your time speaking to people.Expect to work dozens of hours/week with little to no immediate result.Expect most of your early interest from potential clients to come from your sphere of influence.Expect to go 3-6 months without getting paid (unless you do rentals which usually pay faster)Expect to be bombarded with distractions - mainly, people/companies marketing to you so that you choose their system for quick and easy buyer or seller leads.

Try not to get too distracted on flipping, STR, MTR, etc. 

Please don't get distracted by the get-rich-quick crowd that's making money by selling their courses.

This is by far profound and i knew this at the outset of my journey - but its easy to get distracted along the way.