There can always be unexpected expenses.

I have sufficient trade lines as well but little cash on hand as funds are tied up in the deal due to unexpected rehab costs outside the rehab loan. 

As he embarks on his real estate journey, any insights you could share would be greatly appreciated.Perhaps there are things you wish you had known sooner, unexpected challenges you encountered, or just general sound wisdom that has served you well throughout your own real estate professional endeavors.

Avoided accidents and did not require tearing the hardwood out

Imo there are better places to put $300...like in a savings for the unexpected.

What are some unexpected issues you guys have come across in your investing either with tenants, property managers or contractors that you really wish you could have anticipated but that caught you off guard on a project? 

Always add a contingency to make up for those things that always show up unexpected in remodeling projects. 

But the police will be dealing with the vehicle accident, the lost hiker, the rape victim, the assault, the fight at the bar (maybe if they even have time for that) well before they have time to deal with the loud music. 

Otherwise, you're sticking the new buyer with a likely problem down the road (which is a dick move) or if you're gonna hold onto it, setting yourself up for future unexpected expenses.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.