Also, consider this copy & paste advice below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

There are options you can invest in such as oil and gas, datacenters etc. that typically provide significant depreciation.

The first year is typically good for most properties, although I've had some rough starts.

Yes, you bring home more each month but when you compare the amount you bring home versus how much you had to put in, the returns are typically significantly lower on your money when you pay all cash.

-Cash Back on debit card payments (THIS IS THE BEST)-Higher APY than is typical on checking accounts 

Im typically ranked in the top 200 agents in my entire state with most of my business coming from BP.

There's no guarantee that the liability coverage will pay out unless the tenant is negligent, at fault, etc.Mold is typically not covered by insurance at all. 

Passport 2. 2 Months Bank Statements showing downpayment + closing costs and reserves (typically 12 months) 3.

Well, I actually successfully got a handful of properties under contract but was unable to find a tenant to occupy the property.

Its a whole different caliber of contractor you deal with in new construction (typically).