STR income will always be dependent on who I managing the property, how nice the finishes and furnishings are, and the actual location of a property within the given city.With my STR in Destin, numbers are more or less the same as last year, perhaps down just a hair. 

If you decide they're not a good fit, then vacate them and release with new tenants that you actually correctly screen and lease to. 

Being able to pick their brains is always helpful, both their successes, red flags, war stories, etc.And as Jonathan mentioned, the very first step of actually taking action is knowing how much money you have to allocate to buying a property, fixing up a property (if needed) and how much a bank will lend to you.  

And the greatest thing about Bigger Pockets is that you can also use the reference feature on a person's profile and actually talk to Bigger Pockets members who have worked with that QI.

I was actually looking at a fully financed deal in St-Catherines a couple of months ago.

Their perception of their skills far outweighs their actual knowledge, leading to costly mistakes.The other path is paralysis: they begin to realize how much they don’t know and become stuck, afraid to make a move.

Outside of that, I dont naturally feel I'm in danger because I have an accurate and grounded perception of what the situation actually is. 

If I get called to change a light bulb, which has actually happened to me, I give them a checklist of things that are expected to be done by the tenant, including changing light bulbs, I also gave them a link to youtube  ;)

Do I draft the contract price for higher than the actual build price that would include our estimated profit (sell price) or would a separate agreement between the lot owner be sufficient enough that outlines the deal since we don't know the actual sell price until it goes to market?

And I have actually had a landlord lie to me saying the tenants were bad and didn’t pay so he could try to keep them.