I got a partner to handle things like answer phones and deal with the sellers because calls always come in during the day and he can answer them.

All that stuff should have been handled before closing.

Be honest with yourself about expenses- attach a value to things you're handling yourself, so that if & when you don't have time to do those things, there's still enough profit in the kitty to hire them done.

Ed Lee@ed leeI got it done very reasonably because of an arrangement with my contractorbut what was purchased was about 60.00 worth of pvc fittings and pipe you need a drain pipe and supply linesyou need the washer dryer hookup boxesand a roll of electrical wire that handles 220 currentwe had to get 2 30 amp breakers one for each unitand dry wall and mud to repair what we ripped outand finally vent tubing I cant say exactly what all this cost but somewhere in the neighborhood of 350 but remember I was doing two units the labor was priced at 160 a day and it took three days to complete.so just under 900 to do both units

Some of our SFHs are currently handled by a property management company.

As long as you're not doing anything that can't be handled by a generic LLC or corp they do well.

In some short sales (about 50% in my experience), the lender will give the seller some cash at closing to handle moving costs.

Knowing how to handle all your expenditures to minimize your taxes is the real value a CPA brings.You do need a CPA that's knowledgeable about real estate.

I guess its all relative but REI terms for me this would mean not getting into complicated deals until I have the experience to understand them and not to leverage myself to the point where I couldn’t handle the worst case scenario.

It is from having it established correctly and operating correctly so if there is a legal challenge in the future the LLC passes the test.If you think you have assets as risk and want an LLC then handling it wrong is not really much better.