15% of homeowners do not carry flood insurance and expect the state to pay for clean up.

Lenders can use what's called an "Asset Depletion" calculation for borrowers with no income but significant assets.

You did not clean up a major health problem.

I went out there that morning to assess damages, take pictures and clean up.

My tenant hated change so last minute notice like 24 hours was not enough time for them to adjust and clean up. 

At this point I have the cash on hand so with rapid inflation happening I feel it’s better to get rid of cash on hand rather than stack it… of course not totally depleting yourself of cash but the dollar becoming of less value is very concerning.

If you think about the time it takes you to cleanup and repair.

If her clean up costs you, you'll be going after her.

Keep that money (as you should legally) to do repairs and clean-up when they leave.

I quit my job way to early because I wanted the freedom...or what I thought was freedom :) What I realized was it was way easier to do real estate when you have a W2 job with income as the banks like that way more than the business / selp employed model...expecially when you first start off and don't have a track record.One of the biggest mistakes I see people make is that they don't have any active income and rely solely on the rental income and the rental income is just enough for them to live on.This creates a lot of risk becuase if a major expense comes up it will deplete any cash reserves or you will have to put it on a credit card which increases your expenses and can turn positive cash flow into negative cash flow.