These are the types of assets that the more you pay above market the higher chance you have of getting burned with low to no recovery and collection.  

Lots of fires currently burning close by!

They have seen people get burned very badly in RE, and they understand that only those with a lot of knowledge make it.#3 is the key for you.

Howdy,I am mid-twenty Mechanical Engineer by day, but a hobby personal finance blogger by night. 

I'm doing the architectural and engineering drawings on a pop top right now.

As an engineer I don't have a background in a lot of this stuff, so it's great to learn.I'm going to check out that book as well.

Another great resource is the engineer,  they know which towns are difficult to work with and which towns not so difficult. 

If your tenant is at fault for unintentional damage to your property (overflows a bathtub, leaves a candle burning while out for the evening and burns the house down), you can "run" to their coverage first and potentially avoid having to file a claim with your carrier.

John Burn’s real estate consulting firm has a warm place in my heart for all of their smart and timely analysis of the real estate market.

Ahh sorry I missed the "create" part.Contact a local Civil Engineer and/or surveyor.