It made it super easy for us because he already knew exactly what pictures to take, how to make sellers feel comfortable (if he was going to an occupied home), things to look out for, etc.Unless a seller has grossly misrepresented the condition of the property, we very rarely have to renegotiate after we "inspect" the property.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

@Justin Mays It will depend on your comfort level and where you're at financially if you're ready to buy land to flip.

Also, check the amenities available, that will run the HOA dues too.Location-wise, check whatever will be easier to rent in the long run.Also, depending on how you're comfortable with sharing your apartment, 2 bed could be a great house-hack.

I think some of it is that I have gotten comfortable with the 10,000 person towns on the coast that are so easy to quickly get to know that trying to get to know a big city like Reno is just a bit overwhelming.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Here are my options as I see them.1) Build up a separate capex reserve fundI have about 13k in savings and 25k in Roth IRA funds which I can withdraw tax free as a backup, but maybe I should build up a separate capex account since I don't have a designated one.2) Purchase another 2-4 familyI could use my 25k Roth funds as down payment on a 5th property that cash flows around $500/month and look to do a BRRRR.

It is easy to get distracted, but where you focus the most attention will get results. 5) It sounds like you want to live a life by design.

I have working capital, a solid understanding of how to analyze properties and the rehab process, and I am great at design.

It all comes down to your comfort and knowledge.