I know I'm going to make a lot of learning mistakes the first time but I also don't want to add on any unnecessary headaches.

Here is my biggest concern.

I believe the biggest disadvantages are purchasing at close to market rate and not being able to force appreciation. 

It got me 2 times already and not going to make that mistake again.

My biggest issue with it is the lack of required documentation.

We are in an environment of unprecedented cap rate compression and record low interest rates which is only headed in one direction after this is all over.Yes, make no mistake, the music will soon stop.That has very little to do with an upcoming election and is regardless of who wins the White House or who controls congress after November.If you've listened to Kevin Bupp and Rod Khleif, you know what happened to their portfolios in 2008.These were no amateurs, as a matter of fact, they had many years of investment experience when the music stopped.They both weathered the storm and came back stronger and that is why I remain a shameless fan of both men till today.Several others were not that lucky, and you will never hear their names.In this space today, there are investors and there are educators.The educators have taken over the habitat.That is why there are now more podcasts on real estate than I can get through in a working week.Real Estate education is so very lucrative now that it is possible to make way more money from podcasts and books than in actual real estate investment for some gifted marketers with smooth tongues and gifted content creators.more....To read full article,click link below:https://www.biggerpockets.com/...

Since I'm not really well connected in the HR department for the oil and gas folks around here I figured that would be my biggest obstacle.

The biggest cash flow killers are HOA and Property Managers so watch out for those. 

If you're just buying doors, that's a rookie mistake. 

Message people on BP, talk with people in Facebook groups, follow blogs, use social media to connect-Embracing the fact that you will make mistakes and it won't go smooth.