Whats the one thing you wish you knew when you started?

[Brian Wolf]

I'm getting very close getting my first rental property (house hacking a multi) and I wanted to see what was the one thing on your first deal/first time landlord you wish you knew, would tell a first timer, or even better, a tough lesson you had to learn? I'm in South Jersey so if its Jersey specific even better! Thanks guys!

[Clark Kirkpatrick]

The rehab is more difficult, costly and time-consuming than you expected. Have more cash reserves than you think you'll need, or at least a job that pays reasonably well and a willingness to DIY stuff.

Learn to screen tenants properly. Bad ones will sink your ship in a hurry.