Hello everyone,Haven't posted much in a while, but was thinking about the ups and downs I've personally experienced in REI and how I stayed motivated when financial freedom seemed so far away in the beginning.I remember my first BRRRR...I spent every dollar in the bank (I was also working a 1099 job to cover personal bills after getting laid off from a W2 job).

Once you know the strategy you want to pursue - long term rentals, STRs, wholesaling, retail, self storage, etc - you can see if that market is conducive to that type of opportunity and your lifestyle...remember, you're also going to have a new, full-time job.

Even when you think you are over your head, just remember your purpose.

Canx the guests and get this place amazing.....remember, 'you only get one chance to make a first impression'.

Remember, with positive CF, the tenant's rent is paying for the rest...not you.2 - Buying out of town with you first deal. 

You can't ask all these questions, but maybe there are some nuggets of wisdom you can use in the search: Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

Remember, this all started because I thought I could sell it for $310k after rehab, which the appraiser also concluded to. 

@Georgina Graham Yes it is ok to talk to both, but if you are talking to the seller's broker remember their duty is to their client.

I ended up just eating the cost and taking responsibility for the situation to keep the friendship and roommate, but it does make me a bit upset when I remember it. 

One way to remember this is there are “Three M’s”:1) mobile home (DMV)2) manufactured home - used to be a mobile home, the wheels were removed and it was set down on a permanent foundation.