Good GCs are a premium around Central IN for sure.....Its hard out here

I go every month to the meetings to stay motivated, continue to meet people and to learn. 

You really need to be sure you actually meet all of the participation requirements; the most likely scenario is that you really need to be using E for your properties.

$49,000 profit Lessons learned?

I am not exactly sure what you are talking about.

I have done 1 BRRRR thus far and I have learned that what you budget on the rehab add and extra 5 to 10k as a buffer.

I also require 2 past landlord references which I call and make sure these are easy going trouble free tenants before signing.

Because water was provided by the municipality, the past due water bills were later transferred to my tax bill account with accompanying penalties as I didn't learn about it till months after they moved.

It’s not cheap so if you’re looking for that go learn the hard way like I did.

Also make sure you get his security deposit as you will need to return it to him in full when he moves out as you have no idea what the condition of the home was when he moved in (and let's face it after 24 years most damage can be considered normal wear and tear).