I routinely see values off by 50%, and rent "zestimates" wrong by 25%.  

I am going to try to start getting back to my morning Starbucks routine a few days this week.

We also decided that we will routinely clear drains once every 6 months.

I checked out Redfin.com every morning as part of my wake up routine.

I would suggest a local attorney well versed in your state's interpretation of 'bird dogging' (or 'finder's' compensation) and 'wholesaling' (routinely called unlicensed principal 'brokering' by some).

It is an old house there will be major components in addition to routine repairs.How much will the Mortgage be?  

I agree that maintaining the property, requiring the tenants to notify landlord of any hazards within a set period of time, performing routine property inspections, taking pictures of property condition prior to move in, having good contracts/addendums and having adequate insurance are going to provide good asset protection.  

Lenders routinely can fund deals in a day or two.

Chances are, you've not given a single thought to the Nike Shoes you are wearing that were most likely created in a Vietnamese sweatshop by children who cannot afford to wear the shoes you throw away.Chances are, If you are like me, you haven't given any pause to the fact that Apple, who made this Macbook Pro I am writing on, routinely creates jobs overseas so they can legally avoid paying taxes in the United States. 

@Zach Adams  If you really have no idea of market cap rates in So Cal, MF in great areas like west side Costa Mesa are down to about 1-3% and rougher areas like Murrieta and Lake Elsinore routinely trade in 5-6% caps.