The key here is to have options so that when a deal comes along you do not lose it because you only had one tool in your tool belt and that tool turned out to be the wrong one for the job.Hope that helped a bit!

I have a few under my belt now and am working on my next.

Congratulations on getting a rental property under your belt and working hard for you.  

The amount of electricity used on the blower for the furnace is probably not amounting to much on the electric bill.

I had an AC guy take out a blower motor and after hiring him for a second job and then tell him no, I suspect he’s just a butcher in HVAC clothes.

Speaking as one who has a decade and ~100 appeals under my belt...anticipate:1) Get ready for a debate when you appear in front of the review committee, previously we simply accessed sales on the MLS and the Recorder's office...we were told last night to plan to provide closing documents a week ahead of the session.

It is the agent's job to run comps, know the offer process in and out, know how to negotiate, and maybe more than anything have LOTS of transactions under their belt to know the nuances of the process.

If this is the first of many and you want to use this as a possible track record then the importance of going through the PPM process and having this easy one (using this term loosely) under your belt to be able to talk with outside investors(or even the friends and family people you do not know of your friends and family) they can talk about the job you did and have the beginnings of a track record.

While it's important to get the first one under your belt, if you have negative cash flow or don't set aside enough for a big repair it could turn into a bad experience. 

More importantly from listening to all the BP podcasts, I wanted to get the first property "under my belt" to start building that momentum.