I think the housing rally has gotten long in the tooth, but I weathered 2007-2009(and started buying hand over fist in 2009-2013,) I'm not gonna dump income-generating assets on some fear of a correction or crash.

All I’m simply suggesting is that although there is low hanging fruit,as with any industry or niche, there are stressors or motivating circumstances that would lead a B class neighborhood to sell me their homes (outside of the current recovery efforts due to natural causes).InheritedDivorceJob lossTax delinquency To name a fewSome stressors are more prevalent in the areas you mentioned BUT C+ , B and A are not exempt.

I know the first time I listed my duplex for rent I had a ridiculous fear that not one person would call.

And if you let the late fees go once, you’ll have a hard time enforcing it if it becomes a habit.You are starting off operating from a place of fear and already mentally preparing to avoid that fear.

Although they are willing to pay more for M/M, my biggest fear is that they end in November then i would have to rent out my place during holiday season which I assume would be extremely difficult.

So I dont know much about the rental license stuff so I thought the rental manager will get everything done for me and the house have been rented out for two years and this week he told me to get a rental license and I have a idea now since I read it online but my fears is do i need give all the rental money back for the two years without the rental license?

Billy BarnesBad Wolf Properties LLCA warrior never worries about his fear.

Have an open and honest communication with her about your fears. 

My fears with being a plane flight away are: Finding the right market and property, given I don't know the area as wellTrusting a property management company to look after the day-to-day operations.

For P&L, I'm thinking I would show the full amount coming out of the profit.I want to attempt to account for my personal money (401k loan + credit card debt) that I've lent to "the business" (currently still in my personal name, but we have intents on eventually transferring it to an LLC, once we get over the fears related to a quit claim deed) as a liability as well.