Keep in mind you’ll need a pile of cash (mostly to cover labor as your fill your home) to start the business or get a loan to start the business.

"In the state of New York, anti-discrimination laws cover most types of housing, with four main exceptions:one- or two-family owner-occupied buildings. room rentals in housing for individuals of the same sex, such as college dormitories or boarding houses where all residents are of the same sex."

Once the plan has invested into assets like real estate or securities, that value is no longer covered by FDIC. 

Their claim will be negotiated down and settled for much less, and it will almost certainly be covered by insurance.

I win in court and tenant is kicked out in 24-48 hours.In 90% of all situations, the tenant leaves before I have to file in court, I use their deposit to cover unpaid rent and as much cleaning/repairs as possible, and I move on.

Surely there is some expense for the landscaping water that is not covered by the residents. - Of course, this assumes you are managing the property with free labor. 

Last doesn't cover damage.

You tend to have breathing room to cover living expenses and more time to think on next investments to scale and grow the portfolio.That's very hard to do when trying to scratch and claw to get a start wondering where money is coming from to eat and pay the bills to survive another day.

Mentor’s virtual assistant processes these letters, and the $12 fee is just to cover the costs.

The security deposit is approximately 10% of total repairs so it won't cover most of the damages.