The outcome was a rewarding yet stressful experience that I am still continuing to learn from.

The outcome was a rewarding yet stressful experience that I am still continuing to learn from.

I stress "possible" not probable.

It was extremely stressful doing it this way, even though it maximized profits here, I could have focused my time on management and finding other jobs or clients making up for the money we would have paid to contractors.

First off, I'd say not to worry/stress so much.

Same, there are times where it gets stressful but I'm glad we have tools today that can help us learn this road.

I want to make sure I’m covering all my bases legally, but want to work with his family where I can to make things a little less stressful for them.

That amount of stress, liability, and work just wasn't worth the $2500/mo cashflow I was getting.Nowadays, I focus on mostly B and A class properties, and I'm willing to accept much lower cashflow numbers if I know that my tenants will be highly, highly qualified (e.g.; traveling nurses and doctors, airline pilots, tenured college professors, etc., etc.). 

Turns out, I had no idea what I was doing so the project was taking way longer than I would have liked and stressing me out beyond my normal W2 job.

Trust me more people you add, more stress you have.