· The Deal - Good deals exist in almost all markets and all asset classes, but it’s critically important to understand the specifics of the deal you invest with.

I’m not interested in the flipping process yet; only interested in the rental aspect of things.

I take ALL the TV shows with a HUGE grain of salt... they have some things/aspect to pay attention to.... like current designs and trends.... but its TV.

I only paid that much because time was critical for me and I literally could not get anyone else to come out.

I will be maintaining everything within arms reach in the future and no longer trusting PMs to any aspect of upkeep.  

I already know I will want to outsource this aspect of my rental property business but haven't started vetting PM companies.

Critical Check Points: Tenant selection - screen and choose well; Lease Up - establish a strong rental agreement and make sure the tenant understands your expectations; First Three Months - like a probationary period, check in more often, most problem tenants reveal themselves within the first three months; Lease Violations - swift follow-up and enforcement; Regular Inspections - frequency will depend on a number of factors, including how well the tenant is fulfilling their responsibilities.

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

Zillow is helpful in some aspect, but I would not suggest you put 100 percent of your hope on it.

Own all aspects.