I didn't realize that Bigger Pockets did that much vetting-- thanks again

While these deals were successful, I realized that the cost of using hard money significantly ate into my profits.

I think there was some thinking on the part of "investors" that they were getting great deals on lots, when what was actually happening was they failed to realize how much lots were devalued after such a disaster.  

Yes, I realize it was the first time, that is why I would cover the cost in an effort to be a good landlord and not discourage my tenants from reporting future issues.

Now the paper losses are still able to be realized via the holding companies while the management fees are earned tax free?

And basically I’m just realizing I don’t know how to know if these are reasonable prices or not?

and soon realized that there was no aviable apartments in or around the same neighborhood for the price that they were looking for. if they wanted cheaper rent?

Again, large commitment of time, patience, and ability needed.The amateur of “semi pro” investor should realize that the professional investors (such as myself) spend ALL DAY EVERY DAY doing the above.  

I'm starting to realize that investing is something I want to consider learning for long term as I spend more time in this industry.

Advice is for you to do this for another 5+ yrs to go through some real ups and downs to get a better sense of realized cash flows (net turnovers, evictions, capital events, etc).