Would this be a forever home or something you would plan on doing the same thing all over again on?

It's just like a constructing a new building it's all the boring stuff not much to look at and seems to take forever.

I don’t believe a tenant can stay forever, and I can cover the extra payments and lawyer fees for up to two years for the tenant who will be harder to remove.

Efficiency: AI tools can automate time-consuming tasks such as property searches, fiscal modeling and even property management.

My thoughts are that if it’s in good enough shape I can sell to a consumer buying with a mortgage company or if needs work sell to an investor for a discount to make a profit.

Don't use overly rozy projections based on self-management and renting it out forever.2) Higher risk - how do you know which tenant caused the damages or brought in the bed bugs?

Even if the units you tour aren't the one you eventually buy, walking around the area and getting a feel for the property types will help you be a much more informed consumer when you are ready to pull the trigger. 

This can be time consuming and frustrating to keep track of.

Same on the rental side- demand- will be low, so you have to take on less than desirable tenants, which are costly and time consuming. 

They do this by foolishly assuming the good times will last forever and fail to remember the market cycles.