Umbrella insurance is great because it helps protect you home, auto, and rentals too - for a pretty cheap yearly price.

Auto repairs, medical, dental etc.

Trying to invest out of state when you're new is also very difficult if you're aren't familiar with the mechanics already.

Two sets of mechanical, two kitchens, etc. 

Mistake investors make is trying to buy mom and pop tenant thinking they will land something slightly higher for loan terms then national credit loans but lenders price in a much wider gap for underwriting.I have seen some auto stores for around 2 million to 1.5 million that look good with remaining term.

@Kyle Gilbert a thousand times yes, walk every unit and take photos, especially of all the mechanicals!

If you look up IRS form schedule E, you'll see that advertising, auto and travel, cleaning and maintenance, commissions, insurance, legal and other professional fees, management fees, mortgage interest, other interest, repairs, supplies, taxes, utilities, depreciation all get deducted from your rental income before it flows through to your taxable income.

We ended up doing a new kitchen, bathroom, flooring, paint, repairs to any mechanical's, lights, appliances, etc.After finishing the home inspection there were a few extra things that were brought to our attention like the furnace leaking a little, vent pipe to the furnace rusting from now being mounted correctly.

People expect everything to be in good working order when they buy and don't give a premium for improvements to the mechanics. 

We called a guy that burns used oil in his auto garage.