Delayed gratification pays off!

Plus, you have to pay the cost to be the boss.

I took the next 5 months to tackle everything myself spending approximately 17k in supplies and tools + paying a plumber and roofer 4k total to fix those issues.

Now I'm 9 years into it and my assets pay for everything.

To get a GM, we need to pay a GM wage.

The School of Hard Knocks is the best education, but if your company will pay for it, I would go with an MBA for future (non-RE) career development.

These are not situations where you will pay a price down the road like not pulling permits for a kitchen/bath remodel.

From what I understand, a 1031 exchange doesnt apply in this case, and so I will have to pay short term capital gains on the appreciation ?

They pay themselves good "salary" from the loans they get.

I try to pay off all loans as fast as possible because I feel like money wasted on interest is overlooked sometimes as people only focus on the amount of money coming in rather than the amount saved.As of today, I'm just focusing on establishing the best systems to analyze the markets, find properties, get financing, make wise renovations, and manage my rental properties.