Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

So just purchased my first rental property last week and during closing the seller of the property got stuck paying a lean on the property for $4000 dollars due to several different old tenants not paying their electr...

If you're going to sell the properties with or without rehab you'll want to have a robust CRM to manage your distressed homeowner/buyer/attorney/vendor lists.The advice from Bruce is solid...start slowly and you'll figure out exactly what you need as you proceed. 

July and August were our best months ever.While I understand COVID is still around, the strategy is still solid.

Is it my responsibility to change that shower head?

@Nathan Emmert and @Joe Villeneuve  , Thanks for the response. 

It's advisable to create a detailed budget and consult with a financial advisor to ensure you're well-prepared for the financial responsibilities of house hacking.

I am renting the house based on market rent, not how many people live there as tenants pay all of the utilities themselves.Appreciate your response.

Great question here, my first initial response is.

This project which I affectionately dubbed “The Mistake in the Lake” would consume a solid six to twelve months of my life and end with a 6-car garage, a waterfall-feature flowing under the home into the pond, and a spiral staircase installed by a guy named Gator.