Fortunately, I don’t rely on the cash flow and it all just accumulates and I just continue to buy.

. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

I have been fortunate enough to be successful in both my cases and just getting to the point right before going to a jury.

I was fortunate enough to live in Detroit for several years, so I was able to establish a network before moving back to California.

Fortunately, he moved to FL after the sale, bought a mansion as his retirement home, and saved by the state's homestead laws.

Fortunately, the tenant paid for all of it.They lived in a building with a nice laundry facility (six washers and dryers) that were priced below what the laundromats charge.

I was in a similar position a few years ago, but fortunately got married and our combined incomes helped us qualify for a larger house hack.We're on our second one in NOVA, Alexandria to be exact, and instead of rent by the room, we are renting out our walkout basement on Airbnb to monthly guests.That said, we have a number of friends doing well with rent by the room across NOVA, though they're purchasing homes with 5+ rooms or finding homes that can be renovated to include that setup.I'd recommend attending meetups such as the one I cohost, NOVA REI or Cashflow Breakfast Club or any of the others to meet those who are house hacking.

We were fortunate in that we didn’t have too many issues with crime.

Successful collection rate on LTR is not even 15% on top of dealing with insane lawyers and social workers who believe that less fortunate people can hurt wealthier people.

Feel fortunate that you didn't overpay in any significant way for the work this plumber did do.