Plan is to subdivide, flip the vacant land, and keep the structures for rental income.Two lessons I learned from BP that have played out with this second property:1. 

I spend way less on self-coverage on other three properties compared to money we spent for what I would consider Micky Mouse garbage coverage on one "covered" propertyIf anybody wants a good idea of what AHS is like in real time, just go to their facebook page and look at the "visitor comments"

If a water heater goes out, the expense ratio would be a lot less on the CA property than it would for the MN property... 

Amazon pays its warehouse employees 15% less on average than the prevailing wage of other warehouse workers in the same region, and it is experimenting widely with ways, such as temporary and on-demand employment, to erode job security," Mitchell says.

They all have been paying what they were suppose to do( some were few dollars less on May), with the exception of my Student  housing. ( This company has not been around that long and it was my mistake that i did not follow my own advise on this one) The Bottom line, Since I am the age that no longer want to manage my properties, this is a great option to get pay around 5% interest on my money on monthly bases and cut on my anxiety.

These deals weren't something that can't be improved upon if you got a second chance... these investors have almost nowhere but up to go w/ the lessons learned (assuming they get/got a buy back).

Lesson learned.I agree with you absolutely, you can still find value and quality.BTW, the first painter wanted me to pay 50% up front (plus, I was already buying all the paint and supplies), so I had no real leverage over him when he did a poor job. 

Lesson learnt, anyway overall I am still happy with my decision to buy MF despite of everything.  

Lesson - always keep your eyes and ears open for potential investors and partners.

I've been documenting my company's progress and lessons learned as we've grown.