If your goals are investing for current income and long-term security with the least amount of daily management involvement, then my strategies will work for you. There are many things to learn and most of it should be accomplished during the early steps of your investing. On-the-job training is most effective .
Like most successful investors, l suffered through a probationary period! That when there’s almost as good a chance of going broke as being successful. What finally saved my bacon was when I started negotiating my deals so I would have enough cash flow to pay myself every month. That might not sound like much to some folks, but to me, it was the discovery that kept my investment career alive and my faith intact!
Do not buy houses that don’t pencil out on the day you acquire them or shortly thereafter. There’s only one reason I know of to buy investment real estate…that’s to make money. If it can’t, then I don’t want it regardless of whatever else I may like about it. I have been sucked in on future value, higher potential and pride-of-ownership many times but I learned my hardest lessons early in my career before I lost the ranch.