A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

The Shoals is a great place to settle down and take life slow.

He would send me pictures after I had to beg and pester, he would take close up zoomed pictures of one section of work.

The property could be boarded up with no pictures.

Multifamily mindset has recruited students from all walks of life such as teachers, medical doctors, veterans, real estate agents, business men, and I was included into a group (multifamily mindset encourages students to form groups) and one of them is a veteran who is divorced, has kids to support, not employed during that time, got a loan of $40,000 for the tuition.

At the end of the project's life the land must be restored to a natural state and the materials must be recycled if possible, eg. stripping out metal, etc. 

Building relationships with them early is key.For tenant communication and rent collection, tools like Buildium or Avail can make life easier.

If I ended up getting only the gas furnace, it was going to be 10k but both the gas furnace and AC were 18+yrs old and at the end of their life cycle.

Without taking a proper tour of the cabin and only driving by and seeing pictures of the inside.

Fro the biggest reason, as you said, you own the home for the Best, First years of its life.