_________________________________________________________________________________________________Now I'm sure you guys have heard all about creating a vision at least a thousand times, and you might even be aware of the fact that most every successful business man or woman has a written vision for their life, but the question is, are you really implementing this key component in your business/life?

Perhaps creating "modular" components that can be completed onsite.

There is plenty of unexpected work to do, like installing lighting in the living room and bedrooms.

@Erica Pelfrey  Make sure you have enough in reserves for an unexpected repair or vacancy. 

This raises some ethical questions and in reality doesn't really resolve the "management and maintenance" component because since it's likely the "seller" is going to retain the property, do they really want to turn over responsibility to the tenant to take care of the asset?

I have been doing this since 1985 so you should always prepare for the unexpected.

Look for components you can separate out and write off immediately (appliances being one that I see missed a lot). 

In PA there are 3 components to the yearly taxes, municipal, school and county. 

It represents the thing people with the money habits I'm describing most despise, the unexpected or gotcha-fee expense they believe is likely UNFAIR.

Now, some will say you're over leveraged but here's the second trick: there are essentially 4 components to negotiating the terms on a note - price, monthly payment, interest, time.