I would agree with most of that except that management fees don't need to be that high.

I read the important parts of the lease addendum I wrote...which is basically the entire lease addendum except for the legalize clauses, so they understand how it all is going to work. 

We are doing vinyl flooring thru out all main living areas except bathrooms  Question: do you install the vinyl flooring first?

You legally have right to enter, but at the end of the day if the doors are locked and tenant is being reluctant nothing you can do except start working on kicker them out.

It's not very common where I live except on some REO properties.

@Mary EubanksThe key language in this revision is, "except as disclosed in this contract".

(with the exception of 1 or 2 condo subdivisions that I know of... one being in Marco Island nearby.)

Don't take personal finance and insurance at the same time, they overlap, same with psychology and sociology.Any of the 101 102 classes can be taken first, except as together as mentioned.You need statistics before managerial accounting, financial analysis  and entrepreneurship.Two more classes in accounting should give you an accounting degree, like tax accounting, governmental and non-profit accounting.Money and Banking is an elective for finance and a good insight to consumer and business banking.

Every piece of property I own is a multifamily except for my primary residence and vacation home...The proof is in the pudding, multiple units means multiple checks coming from that piece of property while you're only paying one tax bill, maintaining one roof, one yard, ect...At the end of the day it's all about the numbers, but in my market at least, having multiple tenants under one roof proves to be the most profitable.

As many books and courses that any investor reads, there are still questions and exceptions to the rule.