List every legal and operational management decision and address each in the agreement..

Hey everyone, I’m a younger aspiring real estate investor and I’m trying to learn as much as I can before I’m legally able to start doing deals myself.

Start simple: pick one county, read their auction handbook, watch an auction without bidding, then underwrite 10 recent sales like rentals using a worst‑case repair and legal reserve.

One that requires legal turf protection to stifle competition.  

Hi all — My wife Ashley and I are exploring purchasing a turnkey, already-operating short-term rental (Airbnb/VRBO) before year-end.Target budget: <=$300,000Preferred markets: Tyler, TX or Little Rock AreaMust-have criteria:• At least 12 months historic payout data (Airbnb/VRBO)• Furnishings included or negotiable (already in operation)• STR legal / permitted (HOA or city OK)• Good guest-review profile (4.7+), low guest-drama neighborhood (we’d stay there ourselves)• Timeline: Clean close, turnkey transition, quick start.We’re not just dreaming — we’re ready to move quickly if the right property shows up.

Over here the closing cost is more than what he’s asking down where he’s at.

Deals that look solid on paper can fall apart fast if there’s a legal issue, tax lien, or pending foreclosure you didn’t catch.One strategy that’s been working well for me is focusing on distressed and pre-foreclosure properties.

I want to make sure I start on the right foot without running into unexpected legal or financial issues.Thanks in advance!

The guru was sitting in the audience near her with a legal pad taking furious notes.

The buyer could close immediately and not spend 3 -6 months getting approved for financing7.