Lastly, do some initial research on local STR rules and costs to prepare for discussions with your team.Building a solid team, including an agent and co-host, will set you up for success.

Give the 90 day notice now and prepare to possibly go to court for a hold over tenant.

A seller cannot “cancel” a contract that has been prepared properly unless the buyer breaches its terms.

Its a process and a government process at that so be prepared for that.

So we're now waiting on a $1.2M triplex in Atlanta that's being prepared for market or a commercial 7 units building that the owner decided to upgrade with 2 leases expiring before selling.

I've watched some videos from BP but i'd like some recommended reading to educate myself in preparation and so i can start going to open houses and actually having an idea of what i'm looking at.3. i'm thinking about changing careers to either electrician or plumbing to get skills that may help me manage my properties or do house flips and value adds to my properties.

how do I prepared to back out if necessary?)

Be a Boy Scout and Always Be Prepared. 

If that's the case, you would charge rent + utilities + water or just lump it into one rent fee.One thing to keep in mind is that friends often bail on deals like this once you get it so you have to be prepared to have to figure it out if you get the house and he isn't interested.

If you have "spare money" of $100,000 today and have prepared to lose the $100,000.00, let's buy 10 pieces (about $10k each piece) of Bitcoin tomorrow, and wait until year 2020 (only 3 more years from today), according to the Mcafee security softward guy, each piece of Bitcoin will hit $1 million each piece by year 2020.  10 pieces will be worth $10 million dollars in 3 years before year 2020.