Make sure you collect deposits from everyone (including the current owners and their daughter).

When Castle Rock first started, I quickly realized that the realtors that we were using simply slapped our listing on the MLS, put a lock box on the house, and showed up at the closing to collect their check.

These are setup so that people in your shoes can invest in real estate, without having to sink the time that goes into deal hunting, managing rehabs, collecting rents, ect.You could also look into partnering with someone who does this full time. 

Do you love to collect cars?

I don't want to deal with on-going srevice issues or collecting cash weekly or monthly from premise.

My garbage cans are all pulled out on schedule and pulled in after garbage collections with one tenant in charge.

I've spent about $5,000 remodeling and lost two payments but collected $20,000 from optionee 1 + $25,000 from optionee 2 and bumped up the sales price $40,000 all in one year. 

You might have 8 months of collecting "profit" and then have one bad incident that demands all of that "profit" and drives you a couple thousand more into the red.On a property that's generating a healthy $500-$700+ profit a month, I'd either be driving it back into the property to fix any immediate cap ex threats or saving half for a future investment, and half for padding the emergency bank account

Cannot double dip and cannot just leave it empty while collecting from this guy till the end of the lease.

While technically, I guess anyone could, however, someone lacking the very specific and very specialized skill set required to "procure" this efficiently, would not be able to collect the information prior to the tax list being published.