This will affect things like required down payment, rates, and even which lending institutions would be willing to finance. i encourage you to look up warrantability for financing just so that you don't have surprisses when your 20% down buyer cannot finance that way.

I’m not even a lender.

Now, I'm imaging a scenario when every one of these tenants move out that I'll be paying their entire security deposit + interest even if there are damages beyond normal wear and tear. 

It’s awesome to see your excitement @Joe —this journey can truly be life-changing.As someone who started out while serving in the military, here’s some advice I wish I had early on: take action, even if it’s small.

It's usually quiet even though the overall neighborhood isn't great.

If current lessees move out, how much T/I needs to be done even before a new tenant?

And do I need to file in MO even though I experienced a loss in 2024?

Really hard to kick in a door and then even if they go thru a window, can't open door from inside.3) Remove mechanicals, store, reinstall upon MoveIn4) VPS or DAWGS - metal window screens and doors.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Even if it were possible to wait it out and do a "gotcha" at the end, that's just not how I want to treat anyone.