• Overextending finances: Avoid stretching finances too thin by purchasing properties beyond your budget or relying on unrealistic income projections.

• Ignoring property inspections: Failure to conduct thorough inspections can lead to unexpected repair costs and lower return on investment.

• Neglecting property management: Proper property management is essential for maintaining the property's value and generating income. Neglecting maintenance, repairs, or tenant relations can lead to significant issues down the line.

The amount of money you need to start investing in real estate will depend on various factors, such as the type of property you want to invest in, its location, and the current market conditions. In general, you can expect to need a significant amount of money for the down payment, closing costs, and any necessary repairs or renovations. It's also important to have some reserve funds set aside to cover unexpected expenses. Some investors choose to partner with others to pool resources or seek out financing options such as loans or mortgages.

1. The type of property you should invest in will depend on your investment goals, budget, and personal preferences. Some investors prefer residential properties such as single-family homes or multi-family units, while others focus on commercial properties like office buildings or retail spaces.

Consider factors like location, potential rental income, and future appreciation potential when deciding on a property type. It's also important to conduct thorough research and due diligence before making any investment decisions.