This, I recognize, is a consequence of my decision to go Section 8 versus other avenues. 

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

And also where it would be tough to learn the industry over one or two deals because the deal time-frame is so long (I could make mistakes that I didn't recognize until 5 years into the deal).In this case, we're talking about notes.

The president apparently knew my grandfather who lives in Wichita and recognized us because of our very unique last name. 

California does not recognize series LLCs. 

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

First off, if you have passive activity losses carryovers (unused losses from previous years) those losses wil be recognized to the extent of your passive income (gain) from the sale.

Recognize this.I have not purchased to brrrr since December 2021 due to the 2nd item.  

Even PMC has different attitude across different cities.One thing that I learnt from all these experiences, pop-and-mom PMC works way better than nationally-recognized PMC.

Water heater 12 years to replacement (may need some service before replacement).Recognize many cap ex items are years away.