The idea is not to be so so strict on one element when looking for a tenant. 

I've decided to record all interactions with them going forward for record keeping, just in case it had to be resolved in court.

I'm excited to join this BP Community to learn, interact, and share our REI journey. 

Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum.

After you acquire more than 5 I would look at having anotherLLC'S don't offer a ton of protection if you on self-managing the property or interacting directly with the tenants. 

Fortunately, I just moved here and have had zero interactions with this neighbor since it has been vacant for some time. 

The old Cliche of "location" is directly in opposition to this place, but the property manager I've been interacting with says the other properties on this set have leased up within about a month and that he's finding a lot of people like the space it affords them as it's out on land with some space.

Hey @Robert Campbell, I'd recommend you keep your capital expenditures at 10% (or more), where you originally had them.While it's true that under condo ownership the common elements (roof, exterior walls, grounds, etc.) belong to all owners and are maintained by the association, ultimately you will pay for any repairs and upgrades, either via increases to your monthly dues or through a dreaded special assessment.That's one of the many reasons I'm not a fan of condos: One day the Board can decide that the swimming pool needs resurfacing or the roofs needs replacing, and then (surprise!)

Usually when inheriting tenants, you have minimal interaction before closing, however on my last deal, I had a bit of time with them during the showing and during inspection and with everything happening with the eviction moratorium, I didn’t want to chance getting stuck with these tenants who seemed super sketchy (ex.

The lack of confidence is usually due to you not spending enough time really interacting with other investors to see if all the online research or comments actually make sense in real life or not having a good, investor-friendly agent who can target properties that work for your budget and explain the pros and cons.