I need to know how you are preventing these mistakes happening again. 

Closing up holes is part of preventing them from coming back in and also preventing them from traveling throughout the house.  

Depending on what the property is, we could potentially do an all cash transaction, but I wonder if that would prevent us from further investments by tying up too much cash in a single deal.

Tons of businesses run virtually now and use home addresses, they are trying to prevent storefront traffic etc in residential areas.

Avoid the national players.

Do you have the skills needed to manage it well and prevent losses?

Start sourcing deals and become a deal magnet.That's one option.....I'm sure there are many.Find out who the big players in your town are. 

Regardless it's important to protect the asset and yourself.Heres 9 things I’ve learned to do to prevent getting robbed.1.

It is easier to just have a "pets allowed" policy than to try to prevent people from sneaking them in or getting one later. 3.

When you do buy a property, will you be prepared to manage it properly and prevent major losses by making rookie mistakes in the most heavily regulated state in the union?