It's pretty much a guarantee that you're going to need to replace things like HVAC systems eventually, it's best to have money in the bank to fund those fixes!

The alternative -- setting up a system for finding off-market deals -- is riskier if you're just starting out and less likely to produce results without infrastructure and significant capital to feed it. 

When the structure is serviced by an individual sewage disposal system, the applicant shall have the existing or any new system approved by the department of environmental management.

I listened to podcast episode 508 with Carrot.com founder Trevor Mauch and 510 with Sam Carpenter about systems.

heather and brandon turner's book on managing rental property is a good one that helped me a lot with systems. sometimes you do not know what you do not know until you get started and can create systems that work best for you.

The newer ones continually have repair issues, mostly driven the electronic controls and complex systems to squeeze out efficiency. 

That's why it's called "systemic" and not "systematic" racism. 

I’d personally recommend staying smaller than 10-12 units while you get your feet wet on your first and build systems particularly if you will be self managing.

You own the system.

His invoicing is QuickBooks which is a good system snd cost money to have.