And as I’ve said before, the power bill was already over $400 last month, even with us being extremely power conscious.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

The interest rate increase will hurt less since the loan balance won't be extremely high in this case.

I don't think for a moment that RE (let alone wholesaling)  is a field where one can get extremely rich.

Tax accountants (and lawyers) also tend to be extremely risk adverse so they tell you to do one thing after another to lower liability even if it doesn't always make sense from a cost/benefit way of looking at things given that, as we all know, time = money. 

In terms of new construction, a couple things to be aware of in San Luis Obispo County are water shortage issues and development fees/taxes which can significantly increase the building costs.SLO city and the neighboring cities are particularly diligent on their water usage, as most of the county's water supply comes from three surface water reservoirs and a groundwater basin.

Essentially he rehabs his properties to make them undeniably high quality (not just "good enough" for section 8) in order to generate a huge demand and thus be able to be extremely selective in his tenant screening process. 

This has been an extremely helpful thread.

I am extremely familiar with the Birmingham, AL market.

In Florida texturing drywall is extremely common.