I would like to buy my first rental property in a few months and am doing some research in order to be as successful as possible.

I get CC offers on LLCs I establish within months of launching them.

We had 21 units that took water that day, and it was a rough month.

If you refinance completely your monthly payment will go up probably significantly.

It's so hard to say generally what problems might come up, but the first that comes to my mind is work history - do you have 6 months on the job and a 2 year work/school history? 

If you carry a balance month to month (only paying the minimum or minimum plus), paying twice monthly can save you some money in interest charges.2.

The rental might be vacant for a month,(8% loss) or a tenant might not pay for a month while you pay to evict them.(8-16% loss)  A $1,000 appliance/water heater, or a $8k rook or hvac unit might go out.(5-40% loss)  You should be paying a PM 8%.

She paid me like $50 every other month after constantly reminding her.

The market seems to have a lot going for it with the beach, the lively downtown, the historical appeal and the night of lights draw during the winter months.

I would try to get a 5 or 6 month lease at cheap after a washer dryer add then renew in June for a higher amount or register it then and optimize the rent.