Several things I got out from it1) related to questions#1 & #2: What was striking to me was that Mindset is such a big component.

I'd recommend that you chat with a mortgage broker for confirmation and make sure that your income (with a commission component) has been properly recognized.

You need experience and connections for that component.

My strategy (which I'm still working on) is to buy and hold large multifamily's that can be or are professionally managed (so that I'd be managing the manager, rather than tenants) and have a value-add component.

I'm glad you were able to recover some of your losses, but it does remind me that the contract dissolution component is just as important as the daily operations component.

The cost of debt includes two components (1) rate and (2) volume. 

Plus, there are some new components of the stimulus package that strongly encourage those classified as real estate professionals for tax purposes to pour more money into real estate.The primary ways to generate more cash flow are room rentals and airbnb. 

Insurance is a critical component of your risk mitigation plan as a business owner. 

When you aren't the money, you have to be a key component or no one needs you in the transaction.

If your budget allows a maximum of $250,000, do not consider coastal California.Climate - Properties in areas with hard freezes and excessive moisture will tend to require more maintenance than in milder and dryer climates.Property age - The older the property, the more maintenance it will require, unless all the major systems and components have been updated recently.Taxes - Both income tax and property taxes are a direct hit on profitability.