Quote from @Nicholas Cavato: Each deal is a learning lesson even if you win on the deal, or you lose on the deal.

The macroeconomics are on fire with tons of population and job growth, and massive companies building and expanding here like Intel, Google, Amazon, Honda, Facebook, Microsoft, LG, and more.

Lessons can be marked complete to track your progress.

I had a house fire once many years ago, I got a heck of a 404 lesson in what coverage one really needs and what it all means. 

Definitely a valuable lesson, appreciate you sharing it. 

If flipping/doing repairs yourself, plan the scope and budget conservatively.Ongoing: Build a team: agent experienced with 2–4 units, a mortgage broker, a general contractor or handyman, and a property manager (if you don’t want to self-manage).6) Practical tips for a single momPrioritize safety and stable tenants — vet renters carefully.Start with properties where one unit can be quickly rented to cover mortgage while giving you time to settle in.Ask about owner-occupant mortgage options that let you use rental income from other units for qualification (lenders often allow some projected rent to be counted).Consider partnerships (family or trusted partners) only if you’re comfortable and have clear legal agreements.7) ResourcesFHA multifamily rules (owner-occupant 2–4 units).

This property had been damaged in a fire, then another tenant's unit caught fire a few months later.Right now I'm working through extensive rehabs.

The macroeconomics are on fire with a ton of population and job growth, plus massive developments from Intel, Amazon, Google, Facebook, Honda, Microsoft, LG, and more.

Too late for many but lessons learned for the futureHopefully everyone in this case can recover their monies what I find kind of amazing is how they got 40k deposits out of folks up front to the company itself.

Area Recommendations for Your First DealBest places for predictable comps + lots of buyers:GarlandMesquiteGrand PrairieArlington (certain pockets)CarrolltonWataugaNRHHurst/Euless/Bedford (more competitive but great exits)Areas to avoid for your FIRST flip:South DallasStop-six Fort WorthOlder parts of Oak CliffAnything with wildly inconsistent compsThese will teach you expensive lessons quickly.