It is my opinion that lifestyle is critical information.

Return on Investment, location, and risk analysis are all critical factors in evaluating potential investments.

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

These include:Get started faster: Let’s face it—while reading articles like this and absorbing all the podcasts and books on real estate investing is great, jumping in and actually doing your first deal is critical, and what you learn from experience often dwarfs knowledge from all the research sources by far.

I'm truly getting tired of realtors criticizing wholesalers, putting us down like we're trash, saying what we do is illegal and we're just scammers.

If you are trying to cash in on the gold rush, it is probably a bit too late, and you will competing with larger companies with a lot more resources than you.Not to be a pessimist, but I think these items are critical if you want to be successful.

This is critical as the lender will be very different in their criteria.

I am particularly interested in:Understanding the different neighborhoods and their respective investment potentialsHearing about the challenges and rewards you've faced in this marketLearning from your experiences with local teams (agents, property managers, contractors, etc.)Gaining insights from your key lessons and successful strategiesFurthermore, any advice on potential pitfalls or critical factors I should be aware of in the Philadelphia market would be immensely appreciated.My goal is to make well-informed decisions and hopefully embark on a successful journey in real estate investing.

Time is a factor here too.There is no right or wrong answer with numbers like CoC return, but understanding how the numbers work and what they represent is critical.

There is very little correlation between the two.The Reserve Funding plan, in addition to the Operating Budget are the critical financial documents you need to understand.