This is why so many companies are leaving states like California.Pro-business environment: Companies want to focus on their core business, not fight anti-business policies.Significant infrastructure: Companies favor cities with substantial airports, freeway systems connecting to other cities, and more.

Easy sign up for a sole proprietor.I think new flippers are consumers & don't understand a business mindset.

They recently renewed their lease, and it was in my intention to ask for the new renters insurance, and things got busy during the holiday season and I never took the time to ask them.

Trustin your PM partner is important and they will follow your lead, so don't expect them to provide you with your business plan. 

And this does not even involve business or real estate!

@Nicholas Dillon If you sell a property and perform a 1031 exchange but do not reinvest all the proceeds, the leftover portion (called "boot") is subject to taxation.

The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Yes, this is "tough love", but you won't survive in this business if you let it affect you:)

You are complaining after four months of trying in a brand new business that you didn't know anything about?

I asked him a lot of questions about the business and as soon as I got home I was doing research and joining RE forums focused on multi family.