I made some resources for my out-of-state investors like a neighborhood graded map and contractor rolodex that I can share with you!

But yes, they can slice and dice their plans to extract maximum revenue from each customer.

IMHO you made a huge mistake in offering to drop the rate....let her leave and find a new tenant that will pay what the market rate is currently.

Unless there was something that made the unit so much more desirable that they weren’t willing to let it go like cheaper rent or I’ve currently got one wanting W/D hookups she can’t find anywhere.

What made you interested in investing in this type of deal?

To this point I have made my own money, I am not an inheritance guy.

In general home warranties suck...... the people they hire to "fix" the issue suck..... the job they do suck....customer service sucks.They band aid the issue at best and then charge you every time them come back and fix the issue again.If you run the numbers, you are often better off setting the $$ aside and paying straight up for any work needed.Every so often you will have someone that has it "pay out".... they replaced the 4k HVAC system etc..... its rare....like winning the lottery.The House always wins...... they make gobs of $$ because what they pay out is tiny compared to what they take in....that's how insurance works or no company would be doing it

Cali and Florida are states to break into after:1) You've made some money2) You've gained some experience

If you then need to replace the carpet, you'll have the money plus whatever you made in interest.

As of now I’m listening to the “BiggerPockets” the podcast and I just started since the first episode and it just made me have more motivation to accomplish my goals  I am in the process of currently changing my major from Marketing to Finance and Real Estate and I would highly appreciate any type of advice, that any of you have.