In the grand scheme of things, it was a drop in the bucket.  

Real estate has gone up everywhere and there is large population of investors but the water is warm and we have plenty of room. 

Usually in desirable areas w/ more expensive housing, upscale shopping and dining, etc.B - a bit older, but still nice.C - usually 60's - 70's construction (in my market, at least).    

I'm pretty risk averse so I like to have room for the unexpected.

I did some things right with that first rental (scheduling an open house instead of individual appointments, for example, and screening applicants) but there's definitely room for improvement.

I'm 19 and about to buy my first 2-4 unit apartment but haven't yet, however if I could of went back a few years with everything I've learned now just make sure you're always learning, reading, etc, don't spend your money on stupid things like cars and clothes, if you get a job and keep saving you should have money for a 5% down payment on a property by 18 or so, if you're going to college you can buy a 2-4 unit (duplex-4 plex) or a cheap house and rent out the other rooms, that can go in general too not just with college, and don't buy a brand new car, get at least 3 years old because a car loses 40 percent of its value over those years, you can get a very low mileage older car if you hunt for it, new cars are financial suicide to young people, ideally don't spend more than 10% of your income a vehicle per year, that may be hard depending on what you do, and invest every penny you can while maintaining a safety net (at least a couple thousand dollars to cover expenses, etc) that way you don't have to pay abhorrent credit card interest rates.etc

I rent the extra two rooms and the renters pay most of my mortgage.

I do my best to throw crooks out, if their actions are illegal and put the public at risk there isn't room for those types in this industry. 

The leak had happened in the ceiling of the room, which is the tenant's child's bedroom.Few months have gone by, and I get a call from the tenant yesterday that the child has been having breathing problems and issues with the lungs for the past couple weeks.

The last one I posted on our website, for example, is $25K for a 1 room apartment unit with income of $271/mnth.