Chat with your insurance agent to make sure you are adequately covered for your house hack and you should be fine.  

And it also depends on your goals of cash flow vs overall wealth building and things of that nature.

I have most of it worked out and she has reviewed it, but questioned the section that stated the tenant was responsible for the costs of repair and replacement of all appliances.Is this typical to have the tenant pay for replacement of appliances that naturally burn out? 

Any suggestions other than waiting for natural market appreciation?

It was a really good and comprehensive course, but I want to make sure my purchase agreement is adequate. 

There was a guy that did a post the other day who was 21 and already saved $100k.A lot of the times (this is not legal or insurance advice), but your assets can be adequately protected via proper insurance on the property which would included a liability policy, and then with an additional umbrella policy.Keep in mind, transferring a property from your personal name to an LLC could trigger the loan's due on sales close.

Our first rental we completely redid the inside (kitchen, flooring, bathroom, added a natural gas fireplace, paint, etc...) and choose not to replace the original 1960 windows.

If a prospective tenant has adequate income, a good rent payment history, no evictions and isn't likely to benefit hugely from bankrupting, I'll accept.

Many times they'll have the flexibility to actually look at the nature of the purchase. 

Any concerns of the distributed nature of the apts?