The only step that you need to master if you want to do better real estate deals

Whether you're a passive investor in real estate, an active investor in real estate, a deal finder, a deal funder, the first step and the only step that you need to master if you are not already there is you need to know how to underwrite and analyze a deal. I hear all this BS online. I'm like, oh, you're just investing in the operator when you're a passive LP. Yes, the operator is stupidly important to vet and know how they operate, but if you do a bad deal, you will lose your money. And I've seen great operators lose a lot of money. That Brandon Turner deal that just failed in Houston, the operations were fantastic. If you look at the numbers they posted from where they started to where they ended, they nailed the operations on a deal they massively overpaid for. You have to be able to underwrite the deal and the operator. If you underwrote the operator, you might have invested in that deal until you looked at the numbers for the deal. You have to get both down. Learning analysis doesn't take that long. That is the only skill. If you do not have it mastered yet, that is the only thing you should focus on. Don't worry about deal, debt, equity, investing, none of it. Until you know how to analyze a multifamily property.