Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

The storage closet is storing a shower head, a toilet, and whatever else you threw in there.

And it's not only the homes, you also have to fortify your grocery stores, schools and anything else.

Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.

It will take almost 6 hours round trip just to drive to the project and that doesn’t include any other driving if going to building supply stores, building dept, lunch, other projects, visiting potential fixers, and etc.

So by spending $42k I collected an additional $75k over 5 years, and then sold the furniture through a consignment store collecting $8k as my share.  

I have one near a homeless shelter and a liquor store.

You’ll thank me when eviction drama hits, or turnover costs come calling.Fines = Behavior TrainingSometimes, tenants behave worse than toddlers at a candy store.

It can be like the clothes nobody wanted at the dollar store, it wasn't going to be great to begin with and what was usable in some way is already gone.

Originally posted by @Mark Whittlesey: I would get a UPS Store (or similar) box instead of a PO Box.It costs more but is much more flexible (is an actual physical address, can receive UPS and FedEx etc.)I had a PO Box for a while and got rid of it for exactly those reasons.