For the most part all you do is monitor your bank account.  

My wife is always very aware of any charges on our account and that has saved us many times.

Also, how do you factor or account for an area/town that experiences lots of seasonal tourism, compared to the town that does not? 

Account Closed Thought of interning at a title company or attorney's office who ever handles it in your area? 

.: Well, what do you think about people that make a slightly educational post then have one of their VA’s on a different Bigger pocket account ask a question about the services that the OP provides and the OP makes a layout of the services they offer?

But ultimately the responsibility lies in my hands.I jumped on a seesaw of risk hoping that the momentum would catapult my bank account into six figures only to find out the hard way that flipping houses isn’t as easy as I had predicted.This house was purchased for $64,000 with an expected rehab of $100k to $120k depending on how much work the dilapidated and neglected house needed.The midwest is lovely but the houses carry the weight of weather storms nearly a century old leading to more damage than a beginning investor could expect.The appraisal came in at $225k for my lender meaning our all-in cost would be around 85% of the sales price worst case.

Thank Account Closed! 

Focusing on conservative estimates and fundamentals like location, schools, and market performance aligns with the way real estate has historically worked.

Do you see why we accountants say "likely" and "possibly" in every paragraph we write?

I'd hate for a temporary dip in the quality of the tenant pool to be giving my landlord "spidey sense" false alarms on account of taking an extra month or two to fill a unit.