This thread shows there is a need for a larger guided discussion on best practices as it relates to (renters) insurance.

Quote from @Mikal Toliver: It’s an exciting time go learn, understand, and practice real estate estate investing.

I would keep the brokerage account and focus on the tried-and-true practice of saving up for a new investment.

There is a formula that you must follow if you want to perform, having a realtor who knows the market inside and out and practices what they preach is an absolute necessity. 

A person who has spent his 2000 to 4000 minimum CPA practice hours doing foreign currency conversions at Deloitte for a Belgian energy company may not know the first thing about real estate or anything else.

Specifically, I’d love to hear about best practices for managing shared spaces, screening tenants, and setting up house rules.Additionally, I plan to split the utilities among the tenants—any advice on how to handle this efficiently would be greatly appreciated!

The theory is spot on, in practice however that logic rarely plays out - at least in recent years where multifamily has been crazy.

I rarely exercise this clause unless it really is bad. 

I know a lot about the industry through my education, but have very little/no practical experience when it comes to managing investment properties. 

@Cody Baum - Can you become an investor focused agent and get practice in real estate without it being your own money?