This is the root of most electrical fires.- Even if you don't replace the panel board.

A solid pass for me....

I recommend buying that package to ensure you have a solid lease that matches the techniques taught on BP.My favorite book is "Every Landlord's Legal Guide" by NOLO.

A good one will save you more money then you'll ever spend on their services by reducing vacancy, keeping up on market rates, selection of quality tenants, stopping problems quickly with solid policies and procedures, knowing/complying with the law, and much more.Remember: cheaper doesn't mean you'll make more money.You can start by going to www.narpm.org to search their directory of managers.

Wanting to root my RE adventure here in a serious way, and the best way possible.

I believe anything over 10% is a solid CoC return unless I am mistaken.

The advantage is that it has less to do with your income and credit score, although you still need a solid credit score either way, but commercial loans focus on the property's potential rental income.

Steve Jobs never had that problem LOL.I would keep it unless you have a solid place for the 400k. 

I would rather be consistently profitable with solid performers in my portfolio than shooting for that home run. 

Actually starting to compile more solid numbers, so next time I'll be more informed on cost and my budget.