I have taken dozens of flights for free using credit card points, but Dave isn't going to teach that technique to people who can't control their spending because there's too much risk that they won't have the same discipline I do.Dave teaches people to invest safely because he doesn't want people with no financial discipline taking his advice wrong and chasing get-rich-quick schemes.

They're spending tax-payer money, so they'll cut a check without batting an eye.Document condition before and after with photos, inspect regularly, and you should be fine.

I will spend around $5000 - $7000 a year for tax planning and filing.

you are competing against other investors spending thousands or tens of thousands of dollars on marketing every month. 

I'd suggest choosing an area that looks like it has potential and then spend your spare time just driving around.

Recognize that going out of state will come with a lot of learning and education; there's a cost for that of your time and if its better served educating out of state or spending it on the property.

It may sound funny to pay a 1031 exchange service to simply receive money for you and spend it for you, but it is essential. 

One thing I did note is my insurance is $3K a year lower due to the monitored fire suppression system in these larger properties versus my smaller properties that sleep 12 or less built close to the same time.As someone who has lived in Illinois twice, the politicians there don't care if people burn as long as they can tax and spend. 

Verifying the use of the money and confirming in writing that it’s for a business purpose are integral parts of any private loan.

The foundation is so bad the house has shifted and I’m going to be spending nearly 40-50k to get this remediated.