If you are concerned about your sales income stability moving forward, just make sure your reserves stay big enough to let you sleep at night.

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.

That being said, we have owned a fourplex in a small town in Michigan for about 10 years but had no guidance when we purchased, I have found all the information Bigger Pockets offers extremely helpful and I am grateful in advance to any advice on this thread. 

Conversion rate is extremely low when you get started BUT it will give you good practice speaking with sellers who have a ton of objections.

I'm concerned with how to enforce any rules now that he's trying to skirt the lease.

As I am not a spring chicken with my age..there are always concerns about "What happens if I die?"...

I’m looking at private lending to flippers with a line of credit or using a line of credit to put a down payment on a new cash flowing property (which is extremely hard for me to find right now) but with a line of credit as a down payment I would be financing a new property at 100% at unfavorable rates.

I have just purchased a small SFH 2/1 in Miami that needs updating and I am looking for a contractor that can help with the job.Any guidance or references would be extremely appreciated!

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

As for foundation or other concerns about the condition of the property, there's no real way to know for sure since you don't have access to inspect the house before the auction (hence the risk).