Even so, most people choose to buy coverage for things even if there's a 99% chance they won't need it.  

You might need to file 1099s if you used contractors or other people whom you paid for labor:https://www.biggerpockets.com/forums/51/topics/1167632-expla...

As other people mentioned the areas do change pretty quickly. 

And there are people that do that out there.  

I am not going to deep dive here.I usually lose these sorts of deals to people willing to underwrite more aggressively. 

Steady pay, you can learn how to manage property and deal with people, and you'll be licensed to handle sales on the side.

Very keen on meeting like minded REI people. 

Check your insurance, I’ve seen a lot of people specialize in renting to group homes or care facilities so there must be a commercial policy for this.

The property is only 9 years old so that's why I put only $10k also, they are opening a new company that will employ thousands of people nearby so that's why I put a 6% income growth and only 3% expense.

Usually, this is a sign of stability and a preview of the types of people who live in the area.