The good PMs have properties all over the place and they are really tuned in to the nuances and complexities that drive success and failure for rental properties.  

Cold calling isn't impossible by any means, but it's a big volume game and takes a lot of commitment and acceptance of a high volume of failure. 

Which means you have a 99.97% failure rate.

failures?

The main reason they failed was too much anxiety due to a fear of failure.  

As one recent example, the Stiff v Equivest decision regarding Alabama tax sales was most likely a failure of proof issue in a particular lawsuit, and not the "end of the world" state-wide decision most people thought.

But I see all this lack of financial competence as a failure of our school system.  

The Army is very strict regarding the conduct of its service members on and off duty and failure to pay his rent is a big deal that they take very seriously.

You want to avoid the failure to make estimated tax penalty.The timing of the payment depends.if you fall under the 'safe harbor', you can make the payment when you file your return(assumed timely).You are also fine if you pay up to 90% of your tax prior to you filing your return on April 15th.

You will receive stories of success here but there are a lot more failures than success with this strategy.