I also go up once a month to check on properties and also do closings and whatnot at that time at well.

@Brian Bradley  one of the all time greats of what not to write... was some guy back east talking about how he paid off fellow bidders at courthouse steps..

As the land lord, you might also need to consider dump stations for grease and what not, clean restrooms/portapots, sitting area and someone to keep trash picked up.

Offsetting income with cost segregation.You are always allowed to offset rental income down to zero, but you're not always allowed to apply the overflow losses against your other income: W2, K1, stock trading and whatnot.

or of any assorted what nots. 

The best mutual company going can't be paying what notes are, especially if they were purchased at a discount.This conversation has been on BP several times, we always have insurance sales guys spinning the program, obviously, and, we have some great agents giving informative information too.

After about 5 years, you can start borrowing from the policy and thus buy a car or whatnot and pay interest to yourself.

I know CPAs laugh at it and whatnot, but for less than $200 annually I have survived so far.  

When you elect to choose section 8 you do give up certain things such as a mandatory inspection and have to coordinate most violations and what not through them.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.