I am looking at one now that recently had Judgments for collections in 2017 from the state of Kansas and 1 private business and 1 foreclosure in 2017.

That is so amazing to know and I am very fortunate to have such a great resource to learn from.

However, my long term goal is to acquire more passive income, namely, SFR and Duplexes, eventually with the end goal of owning complexes (and then passing Go and collecting $200).

I have learned a lot and want to continue to learn and help others as much as this resource and community has helped me.

I appreciate your thoughts/comments on the following items:- I believe that a separate account needs to be setup for Security Deposit and Collecting Rent.

Don't forget:  Vacancies, lost collections, LIABILITY INSURANCE, or repair and replacement costs at turnover.  

I'm actually in a similar boat as you Tyler; fairly new to the landlord industry (due to the nature of my job) and constantly looking for new resources that might be of some benefit.

You can move back in with your parents (if you pay no rent to them) after a year to save up more cash while collecting rent from your entire investment property.

And yes, her rent was at least $100 below market so at least on the other end of this I'm collecting more rent.

So we could do a fix/flip loan and then rehab and fill with tenants and sell to first time investor or similar for a solid property or we could hold for a year, collect some income and tax incentives/write offs and then refi a year later?