Competition with owner-occupants and the age of the homes (70-120+) will squeeze your margins and expose you to a fair amount of risk.

Hey @Johnny Bartel, welcome to the BiggerPockets community!

Quote from @Jim Stanley: You should reserve insurance for large claims.Contact the city and report the issue to them.

Consider a market that you visit often, have family in, went to college at, spent time in the past.You will have a better sense of what the good / bad parts of town are compared to a city you never visited.Best of Luck!

Most of the PM work is done on the first 3 months of the management, then we can recoup our expenses. 2. this Is legally required.

The deposit was carried over.Lease 3 was written to include only tenant Person B.From Lease 2, who do I have to and who can I refund the deposit to?

It'll be up to the next generation to figure out if they want to build an empire or not. 

My father is a certified contractor in NJ—he’s built one home, flipped four, and consistently handles upgrades and maintenance for me and his other clients.I’d appreciate any tips or stories from those who’ve turned equity into a profitable venture.

(The power company in MN will offer you a chance to buy the warranty after the furnace/ac is broken and come back the next day to fix for free.)

One more tip – people remember stories that trigger their emotions.