Moreover, continue to save religiously and pay off any unnecessary debt you may owe. 

I may differ from most here but having achieved financial independence a bit early (at 34 years old) from real estate - I'll tell you being a millionaire by a certain age is not only unnecessary, but I feel it takes you in the wrong direction to live a happy life.

We also file the receipts under the property on our Google drive (no subfolders because it's an unnecessary complexity). 

However, it is clear that these companies may be causing themselves unnecessary grief.

I just wanted to make sure the leases were in place for accounting and the off chance something gets damaged or someone doesn’t want to pay rent.I think something like this lease right here is fine: SC Lease This is going to seem a waste of time and unnecessary but in my experience it would be a great idea for you to sit down with your roommates and discuss what your expectations of them are.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, you should sit down and assess your personal finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Whether you get in trouble or not, you're setting yourself up for a lot of questions, and really unnecessary headache, answering the question as to why you don't broker deals, yet have the name Realty in your business. 

The city of Austin is very difficult to deal with, be ready to unnecessary back and forth. 

The excess s*** in our lives can provide more comfort, but often clouds our mental state and introduces so many unnecessary issues.In the van, we have a bed, kitchenette, shower, workspace, and the great outdoors.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, you should sit down and assess your personal finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.