Unforeseen repairs are part of the game, and like you said, every project is tuition in this business.

It takes a while before you just know which lender fits which deal.If you’re new to the game, my biggest advice: focus on relationships first.

They’ve never done a BRRRR, never managed a rental, never dealt with banks or built anything from scratch  but they have an opinion ready to go.So I’ve been learning to keep my head down, stay focused, and connect with people who are actually in the game.

It seems after covid and 'eviction protections' a fair number of people have learned they can game the system and just never pay/stop paying for months and expect that if they pick back up paying all is good.  

Hi Barry, great to see you back in the game!

Quote from @Jason Anderson: "I'm late to the real estate game at my age."

Appreciate the reply Peter.its just waiting game at this point.thanks!

Depreciation - whether taken immediately or otherwise, is still a zero sum game.

Many VAs are now gaming the system:1) Working multiple jobs2) Outsourcing what you assign to them3) Using programs to pretend they are working4) Really don't care about the work they do, so do bare minimumIf you properly understand all this, you can interview better, track KPIs to track performance and find good workers.It's no different than screening for good tenants.

There are other players in the game to compare with like Kenny Bedwell at STR Insights or Bill Faeth's coaching.