I know It'd be better to hire one than to loose out on what you thought was a deal, but what do you think the estimates of having someone to tell you would be?

And worst case you loose a tenant for longer than anticipated, or have cost overruns as a percentage, it’s still a smaller hit in holding costs in MI.

I agree that BP has too many terms interchanged and is very loosely used, for example, one guy starting out wanted to be his own GC, because he will be hiring subs, pulling the permit as owner-builder, and managing the project, there was no mention of any licensing, to me the very basic requirements of a GC is being licensed and eating up liability.

Then you won't be loosing $ and hopefully can get a renter in. 

Unless the house is going up in value faster than that the property is loosing about $4,000 a year.

It will cost them more, but be more effective in the long run.As for his dogs, they are running loose; call animal control.

This can cause the fasteners to become loose and then water can get in if not done properly. 

Conversely, he thought nothing of buying 3500 head of cattle and raising them for market -- something which I saw as inherently risky (one illness and you could loose half of your investment), because I lacked the knowledge required to properly manage the risks.

If let’s say I had a bad car accident in NM and the creditors wanted to come after me and my LLC would I loose Texas charging order protection? 

I wouldn't leverage your primary to loose hundreds of dollars each month.