Beating up the competition is hardly a "book review".There are plenty of other places you can find the "hard truths" of real estate investing sans vitriol - such as Barron's Keys to Real Estate Investing, a real estate sales associate course, The Unofficial Guide to Real Estate Investing, and numerous other books and websites.My momma taught me that you can be right, and still be wrong.

This will eliminate my cashflow while living there, especially when you consider right now I am living at home with my parents for $500 a month including utilities and all of mommas food I can eat (I know, im a 28 year old nerd, but my girlfriend is gorgeous so that makes up for it... right?)

If momma has puppies don't go in there!    

It can be very stressful, self managing and I have absolutely had crazy tenants message me late at night, early in the morning, often about things that could wait for normal business hours and/or were not technically my responsibility or had been a problem for several days or weeks and they decide that 10:30 pm Friday, Saturday Sunday night is the right time to message you.Some people will mistake your friendly demeanor as being their friend, some will look to you to be their surrogate parent.

(make momma happy lol).Take some time and inspect our rentals do some needed maintenance on some of them.Take a vacation.  

If momma ain't happy, then ain't nobody happy. 

But you have to dig, vette, question, meet face-to-face, check public records to make sure you're talking to the REAL landlord, not their Momma.  

When you are living in your Momma's basement is the most stupidest thing you can get yourself into you are just asking for trouble because you don't know what you are doing!!!....

And it is still legal.Remember, you aren't his daddy or momma.

You'd also know if the leasee moved in their boyfriend / baby momma and additional relatives which may have been frowned upon per written agreement.