But there aren't if little outlet's to this department in real estate.

My quote is $1895 for the following: rewire affected areas of basement and Unit 1 that have knob and tube. 8 outlets, 5 lights, 5 switches.

I know that any distributions from my IRA is a taxable event subject to income taxation, but I just want to make sure that transferring from an inherited IRA to a self-directed IRA does not generate unexpected tax implications (because I'm simply transferring between slightly different IRA accounts and custodians and not taking any distributions).  

He was healthy but died unexpectedly of a heart attack and the company refused to pay off the car due to some technicality I cried the rest of that day and decided at that moment I was out of there, I couldn't live with being a part of that. 

As mentioned $100/door might not provide enough to alleviate from unexpected events (even assuming capex, vacancy, etc is included in expenses).

This was good to see because this happens often and we have to be able to be problem solvers or plan for unexpected changes.  

But the conversation was so unexpected that I didn’t have the numbers with me.)Part of me wants to tell him to hit the road.

Save some reserve to handle the inevitable issues that will pop up after closing (vacancy, unexpected maintenance, etc.)

Something to know BEFORE creating a contract for sure.Just saw a video of young couple who bought SFH in North fL; principle and interest was 460 or 560 / mo ; so that was affordable but then because they were financing the property there was additional unexpected 100. / mo flood insurance.  

Be prepared for unexpected repairs, difficult tenants, tenant losing jobs, etc.