Just basic tips for if you moved to a new location or if you're like me and still dont know much about the market you've lived in forever haha. 

Which is why connecting with someone in your area that you know will be of benefit to you, (I will forever say) treating them to lunch or coffee for an hour or 2 and picking their brains completely with a list of questions is so important! 

It’s my only MN rental and they have a state income tax  so I kept it separate  https://www.ag.state.mn.us/consumer/handbooks/lt/default.asphttps://www.landlordology.com/minnesota-landlord-tenant-laws/At the end of the tenancy, the landlord must return the deposit to the tenant with interest.

The loan processing, documentations and the bank inspection is very detailed and time consuming.  

Hardwood can last forever and can be resurfaced indefinitely every few years for ~.75/sf. 

., I am wondering if the only time consuming event will be bad tenants that need eviction.

My biggest takeaway was to get the majority of the work done quickly in the first few months so that projects didn’t drag on forever.

In the event of default, going after the debtors other assets is an expensive, time consuming, and challenging process that they don't want to do and that does not often work. 

My concern is that the 'hottest stock of all time' can't stay hot forever right?

But I've been approached several times by new investors who are offering me the "fantastic opportunity" to submit 200 offers per week (one actually said those exact words) that were about 60% of the current market value.I had to explain that for all of the steps involved, each offer will consume about two hours from start to finish.