Luckily this apartment just needed touch up a cleaning.

A lot more important compared to newer construction homes where you don't have to deal with certain things when it comes to either of those.Many other nuances but those are just a few that come to mind.

Any tips would be greatly appreciated! 

Great post. 

@Devan Praska I do not have a manual for my tenants but have created a manual for each of my properties in the event that something might happen to me and someone else would have to take over the management of them.

. - You should be able to click the link I added to my post (on the word episode), or search iTunes podcasts (or any favorite location for podcasts) for the "Passive Real Estate Investing via Simple Passive Cashflow" podcast.

One that I'm getting close (hopefully) to the end of, was a flip that was a public nuisance property with two lots on either side full of junk (like 10 dumpsters worth..)There was great opportunity with the house, but we bought the other lots as well and cleaned them up (as no one would ever buy the house with those lots filled with junk). 

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

Wake up people!

I want to diversify and I feel like the best way to accomplish that is through real estate.