Make sure you keep each unit's security deposit in a separate interest bearing account and that return of the sec deposit includes any accrued interest.

Let me ask this: How are you going to hold a non licensed contractor accountable IF something happens?

I want to take into account quality of life in a given city.If you have not read Scott Trench's book Set for Life, you should it was one of the best real estate books I have read for a young person.

If you re not an excel person you could just use one bank account.  

Ruby Hill is one example as pointed out by Account ClosedThis is not to say there arent negatives, which there are plenty.

How to best handle a tenant that does not trust banks or does not have a checking account to allow for auto deductions?

Once you start managing for other people and are charging fees you get into the world of operating accounts, and trust accounts which you need to be a licensed broker to have. 

Talked to the mortgage company and they said 2 things happened. 1, they added some extra insurance to my account.

Thank you Account Closed!

(3) do your financial estimates (estimated return on investment and costs) account for capital appreciation, tax depreciation, equity pay-down, (or, specifically, what exactly is used to determine ROI).