I also am investing for asset value growth to leave assets to fund my sons education and dreams (he is 9, I am am 58 and have recently had some strokes and heart problems, even though I am fit and athletic with a good diet).Being new to real estate investing, and rather risk averse, I made the poor choice of purchasing the property for cash.

You don’t need a calculator to tell you that’s a solid rate of return.How to get access to these discounts: Because Pro Perks are annual savings, they’re only available with a BiggerPockets Pro annual membership (after your free trial ends).

You'll learn the most by trial and error, so don't worry too much if you make some mistakes here and there. 

Finding a reliable cleaner takes some trial and error.

University of Oregon, Eugene, Oregon, has hosted the Olympic Trials, National Track Meets, etc. 

Systems make the differenceThe first year involved a lot of trial and error.

But in my experience the property itself plays a huge role in whether the operation runs smoothly or becomes very management heavy.After a few years of trial and error I started evaluating potential opportunities using what I think of as an “anchor” approach.Instead of looking only at the house, I evaluate four layers:• The city itself• The specific locality within the city• The neighborhood dynamics• The physical layout of the houseWhen those four anchors line up, the model tends to run much more smoothly.

Learned everything hands-on using the BRRRR method, lots of trial and error, spreadsheets, and late nights.One thing I’ve learned: the right market matters just as much as the right property.

Through some trial and error, my team and I were able to adjust our approach and keep growing, and SMS remains our primary marketing channel.That experience also reinforced the importance of diversifying your marketing channels.

For major events (Olympic Trials), I block the dates a year in advance.