As a landlord I learned a lot of things through trial and error. The trial part was okay as long as the results were what I was expecting. The error part was costly. It was years later that I discovered the National Apartment Association. Even though I have been through the school of hard knocks when it comes to being a landlord, I still learn new things by being a member of this organization. I started out with one house I rented to a friend. That was my first mistake.
I bought a home that was up for a tax sale. It had been cleared of all liens to be sold for just the tax amount due on it. I got a home that was worth six times the price I paid for it. I put a few thousand dollars into it to make it nicer and to pass inspection. I did the work myself.