I've learned how to do a lot of repairs/upgrades between Youtube videos and working with my handyman/tradesmen as they perform the repairs. 

Even since my first car I've discovered that if you buy "the right car" you can buy a really fun sports car and have a lower cost of ownership than a brand new civic, and in some cases even make money to own the car.

Anything meeting the 1% rule in my market is usually in a bad location and won't perform as well overall as lower cap rate assets will.  

I would say Tampa:No state income taxLow crimeThere are four professional sports teams to cheer on!

The moment he had it in hand he had his guys perform the eviction. 

Landlords mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.This also leads them to ASSUME simpler is better when it comes to management contracts.

@Vincent S.There are two credentials that most sophisticated tax professionals have.CPA(Certified Public Accountant) & EA(Enrolled Agent).CPA designation is the more prestigious of the two.There is no designation to indicate that he/she is a professional is 'real estate tax'.I would have a casual conversation with the purchases that you made and how the rental is performing. 

This method can work, but it can upset the agent and the seller if you can't perform. 

So cash outs are not a path to tax free profit.But a cash out on a strong performer that doesnt' hurt it's performance is a very strong move. 

It has made getting at the information I need to do income taxes, provide lenders when getting loans, and evaluating performance of each property SOOOOO much easier!