Once that's set up, and they are comfortable, it's becomes a routine for them.JC

My biggest learning point was the podcasts, I was able to drive to work, or be going about my daily routine all the while be learning about real estate.

You follow the contractors on a daily routine trying to get them commit a task completion on time.

Additionally, when completing the refi the reason supplied for doing the cash Out Refi would raise some eyebrows I would presume, but I figured the bank would just ensure those people are actually paid off much like they would with a reason being for a cash out to pay off or consolidate debt with me keeping the excess cash.

Based on your strategy of buy and hold, I'd certainly focus on the property management side of things as it's the toughest part of the business.My second choice (if you were going to flip at all and manage your own rehabs) would be something construction related.I routinely beat my competition on deals, profits, etc strictly because I'm a licensed GC and know the condition and numbers better than they do.  

Many private money lenders, who routinely lends money (i.e. not a family member or friend) will not lend for an owner-occupied project. 

The wrapping itself doesn't degrade, it offers no clues or warnings about what's happening unless you look very closely.With typical modern double-sash vinyl replacement windows, maintenance on wooden exterior window trim goes from being difficult to routine -- you take out the sashes from the inside and work on the wood.

They jack up other fees And they routinely skip checking for “unrecorded liens” such as code violations, utilities, etc and Rxclude them from coverage in the B Rxvludions.

@Cody Bain, I think @Stuart Grazier and I are the only ones that can truly answer this since we have both been through flight school in Pensacola and understand the daily routine etc...  

*Provide information about rental rates and other terms and conditions of the rental, as set out in a schedule provided by the owner, and*Accept deposits, fees for credit checks, and other administrative duties, security deposits, and rent*Provide preprinted rental applications and respond to applicants’ inquiries about the application*Show rental units to prospective tenantsAs you can see, a non-licensed, non-resident manager is limited to performing rather routine tasks that don’t call for initiative or decision making.For instance, this manager would not be qualified to negotiate a lease (4), deal with late rents or other violations of the rental agreement or lease (5), or appear in court on your behalf (6).(1) My property manager does NOT live on any of the owners properties.(2) My property manager is unlicensed.(3) My property manager supervises 10 different properties.(4) My property manager has negotiated leases for 12 years without a license.(5) My property manager has dealt with late rents and violations.(6) Unknown