I suspect low vacancy, decent screening, no bs with tenants, and luck have all played a role. 

No

No

no AMT or anything.  

No home inspection will ever come back totally clean , learn to read and understand them

To be perfectly honest, real estate investing, no matter the strategy, has always seemed like a far off dream despite all of the reading I’ve done.

Once I Buy It and see it's on the MLS No refund! 

There is no depreciation recapture for depreciation occurring before death upon sale by heirs.

Then literally hundreds of these of come across my desk seeking financing - and typically the pro forma looks great while the actual historical financials show almost no more profit than Simple long term rentals after paying management fees, higher interest rates necessary for these type properties, increased repairs and maintenance, and faster depreciation.There’s also a personal reason I don’t invest in these properties ( I DO finance them).  

We discovered during inspection that the hall bathroom has an alcove for a shower, but no shower installed and the space is too small for a bathtub.