I am feeling more hopeful. we actually have 3 children so our exemptions are even more thankfully. it was on honest mistake, we didn't realize having my name on my mum's house, and then selling all needed to be on the tax return. we came here from england where it's a totally different system!

@Raul R.

I would say not doing inspections often enough and small problems turning in to expensive problems.I do all my own property management (its is about have systems in place and automating as much as possible)When I do have a vacancy, I turn it around in less than a week, sometimes only a day or so.I tend to have tenants that stay a long time.

I have most of the systems tracked and documented.

I have been investing out of state for over 12 years now and your rate of return is definitely good IF you have the right systems and teams in place. 

For now I have decided to stay with this four loan system. 

You need to assume summer vacancy with no income.You need to have latest fire protection system and carry ample liability insurance. 

I just bought and returned a RE system from a guru and I did obtain some useful info.

What about HVAC systems, water heater, roof, siding, electric, windows, etc.? 

System and follow up system if you’re going to market direct to sellers.