I then flip for a quick profit to a local developer/builder who is willing to work with the town to develop the lot or if its a home run I invest the time & money to permit them personally and sell for 10% under retail.  

When I had arrived I found out that this guy had one truck, his own personal vehicle that doubled as his work vehicle.. and some personal tools.

It's always a personal choice everyone has a different perspective.   

There is no universal right or wrong, it's personal, it should be a strategy that enhances your life not takes away from it.

Think about it: most of them are able-bodied adults who choose to live (mostly) free off the backs of others rather than contribute to society.Rent payments are usually steady, but Section 8 tenants took a lot more work upfront, throughout their tenancy and at the end of their tenancy.

Learning from a successful person would help to make your business more "bullet proof".

If you can personally visit the property to confirm, do so.

For my personal education, which one insurance should I have?

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

-Attend at least 3 meet ups, in person, a month with my local REIA.