But too many people on here never have time to talk about that and likely skirt by the skin of their teeth on rentals. 

Brush only 80% of your teeth and the rest will get cavities.

It was like pulling teeth to get information sometimes.

- there are those pesky 'profits' that you paid taxes on.If I worked for the IRS, I'd say: you had 100k in profits, and you were actively involved - some of that should have been paid to you as salary so I could sink my teeth into it.The fact that you chose to re-invest your 100k in profits gives you 100k in 'investment' that you may withdraw later tax-free, but does not exempt you from FICA this year from your 'profit generating activity' in your S-Corp.

I doubt you need to do the QT in CA.. there is NO right of redemption in CA... there is only the right to set the sale aside if the party who lost it can prove that there was not adequate public notice. ( rare as hens teeth).most title companys in CA will insure after 1 years time though.

I own a few properties in Poughkeepsie. both the city and the town. i think its a great area for investing. as with any investment, need to do your due diligence. first i would ensure there is a c/o or that you're getting it below market value. a lot of Poughkeepsie buildings predated the requirement to have a c/o. it can get costly trying to legalize it after purchase. tenant base is fine, decent amount of section 8 but i like not having to pull teeth to collect rent. i havent had to do any evictions in city of pk but i have in neighboring areas and its doable but a long slow process (5-6 months). any other questions feel free to reach out.

@Lois Agbor, I wouldn't recommend for newbies to go searching for properties where they would be trying to beat the Banks at THEIR game.Rather, I suggest that it's easier to cut your teeth with motivated Sellers who DO have equity.

@Joe S. since handrails are such a high traffic surface, I recommend a hard enamel-type paint in a satin or semi-gloss finish.

I love his story  his work ethic and how he is setting up the rest of his portfolio ( which frankly is somewhat contrarian to a lot of what is preached on this site)But JD its not all been wine and Roses for me  LOL.... as Account Closed mentioned 08 and that time period I made it through but just by the skin of my teeth and I am the first to admit it.. but that does not mean I forgot everything I learned leading up to that.what it taught me to be much more like Steve Vaughan in my thought process.. plus when you get older you just get more conservative..My big thing and it will always be is investors not really understanding whats involved in being a successful landlord and not understanding the risks related to certain assets class's in certain parts of the country. 

We've found a few carriers who do it, but they seem to want your eye teeth as trophies before they'll actually sign you.