- Identify your investment strategy
- Build a network of help
- Select properties that have underlying value drivers
- Know your governmental restrictions and requirements
- Gather and review reports, inspections, and disclosures
- Inspect the property and meet the tenants
- Underestimate the process of due diligence
- Underestimate the required operating expenses
- Get emotionally involved
- Let your rent levels fall below market value
- Employ your tenants