Just make sure to consume contents here as much as possible and feel free to ask any questions you may have.

.); and time consuming to keep up with post-license education. 

And what actions do I need to take with PHA?

Are there risks we are not considering or actions we should take to cover ourselves. 

Here is a quote I heard from Hal Elrod “Your level of success will rarely exceed your level of personal development because success is something that you attract by the person you become”Here is my list of the top books that have made the greatest impact on me so far, and I would like to recommend:The Miracle Morning by Hal ElrodThe Book on Rental Property Investing by Brandon TurnerThe Book on Managing Rental Properties by Brandon and Heather TurnerRich Dad Poor Dad by Robert KiyosakiThe Compound Effect by Darren HardyBuy Rent Rehab Refinance Repeat by David GreeneMaxout your Life by Ed MylettThe Book on Tax Strategies by Amanda HanThe Five Love Languages by Gary ChapmanThe Ultimate Self-Directed IRA by Jeff AstorEnjoy, learn, and most importantly take action!!

Yes it is time consuming, but practice makes perfect and if you're aren't willing to invest the time there then you likely aren't willing to invest the time managing a rehab! 

While I’m new to the REI arena, I believe I have a good grasp of the RE lingo/ terms as I have spent the last couple of months reading, listening to podcasts, watching YouTube videos, taking notes, building a plan of action.

Getting into doing the work beforehand will be time consuming, materials and labor are very tight right now, so ask if it's worth it. 

I don’t know if you could face any financial or legal problems for trying to break their lease but be happy they don’t seem to be threatening you with any legal action. 

@Scott Polly, when you are estimating part of how things turn out when you actually take action is "YOU".