The carryback is not a necessity to make the deal go through, just a bonus to allow me to put my cash into another property.

I hadn’t really seen the necessity for an LLC until I read your strategy.

I would argue that realtors' jobs are at an all-time high in necessity and that the commission for bringing people from house to house on the outskirts and during a pandemic is certainly warranted, it not undervalued.

. #2 seems tedious and demanding, but I like your point that while it may not be fun, it's a necessity for long-term success.#3 is something I'm currently struggling with.

Homework on the location, be comfortable with the location, numbers must make sense and yes as you said foot on the ground is good to have but major necessity All depends.

Enterprise seems to be overkill unless you have a team of people going into the database to work on different things at same time (a necessity for larger businesses).  

When you then raise the rent out of necessity to cover your costs, that increase will be large enough to lose you some tenants pretty quickly.

I do own self-storage too... but I prefer to invest primarily in a basic necessity. 

If your realtor can spot the differences in finishes and truly assess the value or necessity of adding in HVAC vs window units or hardwood vs laminate or finished basement vs not then you have a keeper.

I understand how to get construction experience, seemingly straight forward and not expensive, Law also seems important but something you should got to school for if it’s your interest, not a necessity, especially since it takes 3 years and +$100,000.