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00:00 Introduction to Common Mistakes in Buying First Rental Property
00:35 Tracking Expenses for Rental Properties
02:16 Setting Up the Correct Type of LLC
03:04 Separate Bank accounts and Avoiding Commingling
03:56 The Process of Mortgage and Title Transfer
05:08 Understanding Your Lease Agreement
06:25 Having the Right Insurance
08:27 The Need for Hiring Professionals
09:19 Avoid Cutting Corners and Paying Cash
11:16 Bonus Tip: Letting Your IRA or 401k Buy a Property