The flood insurance will cover limited, structure may or may not the contents.

I could have hired a pro, completed the work in under 30 days, and then collected five months of rent, which would have paid for the contractor and freed up my time.I learned a lot from the experience and don't regret it, but I'm aware of my limitations and more selective about what I take on. 

In situations like this, it’s definitely worth considering a cost segregation study.

On average, 20% to 40% of those components fall into tax categories that can be written off much quicker than the building structure.A Cost Segregation study dissects the construction cost or purchase price of the property that would otherwise be depreciated over 27.5 or 39 years.

I had to crush limiting beliefs—like thinking I needed to start small or that investing out of state was too risky.

We have a supply issue because banks stopped lending to builders other than one or two at a time for spec builds after the bust in 08 so they were limited in being able to grow the supply. 

I appreciate everyone's feedback but I am still curious if there are any professional PM's with case studies.

If I had hired a pro, it would have been done in under two and the extra rent income would have paid for the pro.My biggest misconception was my limited belief that I couldn't buy multiple investments.

Limit your holding costs. 

At the end of the day, neither are effective without understand how they work and their limitations but if used correctly they can be used in conjunction with one another.