I would push back on the 24/7/365 aspect of either rental properties or car washes.

I viewed the property (as a spectator), but I legally couldn’t do anything yet.

So I guess I am wondering why insure the property itself, seems like a waste.you're not accounting for the liability aspect. you have tenants, your liability insurance covers them.

However I feel like one MAJOR aspect is overlooked in his approach.

You would be better served focusing on other aspects of your life and financial situation before trying to get into real estate. 1) Leverage your college degree to get a higher paying job2) Refinance or pay down your student loans.

@Drew Markert I'd also just keep in mind a house built in 1990 sounds reasonably new and in a lot of aspects (plumbing, electrical, foundation style) it is very new, but a house built in 1990 could still be on the original roof, furnace, ac that if they haven't been replaced are going to be right at the end of their useful life.  

If you are selling property, there is a lot that goes into it including marketing, staging, planning the open house and the legal aspects.

PM is PM, but returns are different in different places.Also, if you are looking to move your business online, I would spend my time working on that aspect of my business, and figure out how to replace you at the LA location.

Im just at a loss on certain aspects of it.

Sorry for the questions, the financing aspect of real estate investing is the one area I am trying to learn more about.