I am not in Dothan, I am in Hawaii but I have been extra interested in Dothan for some years now.

insurance companies are also charging extra to cover ice machines. 

For the low-interest mortgages, I personally would never pay a cent extra, just let my tenants pay down my mortgages, because I can earn more even on a short term CD than I would paying them down.

Draw the line based on what is the return for each. if it costs and extra $40k to get you $40k price increase it is not worth it, it has to add value to you.

Asset hunters find unique assets and things others can't see (extra land for an ADU, extra room for another full bath, etc.).

So you're asking a tenant to use a system you have put in place, then when it takes a couple extra days you want to charge the tenant - regardless of the tenant's intent and the fact that they are following the rules you put in place.

A good deal will always be a good deal so it shouldn't stop you from taking advantage of an opportunity but depending on what you're looking to do and where the properties are you may want to budget for an extra month or so when selling on the back end.

Income fluctuates tremendously in most 1099 real estate occupations (being a Realtor included) so having that put away will be vital to your comfort and peace of mind as you get started.(1) figure out how your minimum monthly income needs (this may change as you move to a different city and get out of college life, so estimates are fine for now)(2) cut out everything extra until you've put away 6 months reserves(3) live way below your means so you have extra money to save and investGood luck and congratulations!

You seem very green, I would highly suggest finding a property management company to do this for your while you learn the ropes and how things work.However, you can also get a copy of "The Book on Managing Rental Properties" by Brandon Turner, and get some really good information.The main one's to consider are:Background check - totally clear, or will you allow certain thingsEviction history - totally clear, or will you allow if no evictions for last xx yearsIncome Requirement - usually 3x the cost of rentCredit History - totally clear, or will you allow certain thingsPets - yes or no, size, type, number of pets allowed, extra pet deposit/feeAgain, I highly suggest a property manager to assist you with this.

They revamped everything to 52 weeks and added a ton of extra workshops/coaching so us women can get more out of our investing and the network.