The pain is real.But here's the reality of how this happens in RE versus crypto: leverage.

The mistakes feature most prominently as the pain of failure and not making money lingers on for a long time while the successes fade pretty quickly.As to deal analysis I would have to say that as real estate appraiser - MAI candidate (member Appraisal Institute Candidate member - the course work and experience of appraising lots of types of commercial and residential property over 10 years or so gave me a solid understanding or how to look at various properties by the numbers. 

It's just the lack of communication from servicer to borrower that is a pain.

And his biggest struggle shifted to pain of selling because it was now a strong operational profit. 

When you sell it on terms, each payment you collect typically gets split between principal (which just lowers your note balance) and interest (which is the taxable part).I’m not an expert on the accounting side, but I do try to stay open to learning more about these things as they come up, especially as I dig deeper into different parts of the land business.One tool that helps is a simple amortization calculator like Bankrate, it shows how much of each payment is interest vs principal.Also, IRS Publication 537 is a solid starting point for understanding how installment sales get reported.If nothing else, keeping clean notes and setting up a system early makes tax season way less painful and eventually bringing in a CPA who “gets” land notes is well worth it.Here's various resources that could be useful to you...Books (For Foundational Knowledge) 1.

Something painful and ugly, even it’s still too distant to see clearly now.Whenever and whatever the next crisis is, I want to survive it with my wealth intact.For anyone wondering how to protect themselves, here's a few strategies:• Diversify across asset types and even geographies• Keep some liquidity and “hard” assets like cash reserves or metals• Invest in assets with real-world utility (housing, farmland, essential services)•Use fixed-rate debt wisely—it can be your friend during inflation• Build legal and tax protection through smart entity structures• Keep learning and growing your network!!!

Biggest pain right now is realistic deals; seller expectations are still lagging while labor and holding costs bite.

It's tempting to look bigger faster, but buying something a little smaller can really help learn the ropes with less pain.

Quote from @Yuanmo Lei: Hey everyone — I’m a techie and small investor designing a tool to make deal analysis less painful for people like us.I’d love to learn from you:- How do you currently find and analyze your properties?

Another thing you can do is ask other landlords who they are using for property management and what are their pain points.