Since the HVAC includes heating, I also needed to pay for a heat pump permit, bringing the total to $290.I scheduled a virtual inspection for this morning.

Schedule a detailed walkthrough of your properties with you and your manager and a home inspector. 

Insufficient reserves result in vendor bills piling up, value-add strategies running behind schedule, and returns being reduced, so it's important to have a clear picture about how well capitalized or undercapitalized a deal is so that you can truly assess the risk.

Attend events, schedule dinners, and actively connect with individuals who align with your investment goals.

For clients you bill regularly, you can schedule invoices to send automatically, so you don’t have to do it manually every time.

Quote from @Erica Calella:The only depreciation tracker I use is the fixed asset schedule my accountant provides with my tax return.

I recommend setting aside a contingency fund of at least 10-15% of your total budget to handle surprises without derailing your project.Juggling multiple contractors and staying on schedule is tougher than it seems.

Any list you get from the county is pretty much useless. 95% of the pre-foreclosures will get cancelled. 95% of the properties on the list have not been scheduled to go to the auction and the property owners will get their foreclosures cancelled. 

As far as the reporting goes, the rental income and losses will most likely be reported on your Schedule E - speak with a tax professional who has expertise in real estate.

Tenants should be paying for electric and gas in any case.Third thing: make sure that you're scheduling tune-ups, once in the Spring and once in the Fall.