All of the lease signing and tenant vetting is the same as a normal lease.

@James Hamling is mistaken as usual; but that's normally the case with him.Lol, yeah what do I know I only manage 1,500 odd SFR's. 

It’s normal to feel a mix of excitement and nerves.

I would just cap it generously to only catch abusers and figure the normal running costs in your rent. 

Without a solid plan, fix & flips would be huge gamble.

I am the type of person that is normally looking to save a money to increase my investing so the thought of paying someone to do my taxes when we could do them ourselves didn't make sense. 

Stock picking is gambling pure and simple. 

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!

This one will be informal & on Zoom to start but I’d like it to be in person once things normalize.

Everything you describe though is just the normal process of how taxes are reassessed when a property is sold.