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I think a large part of building wealth is being optimistic and paranoid/scared to death at the same time.

This money is still owed by the tenants and at times we were able to collect some of the money for the damages.Regarding installing a sprinkler system, it's only helpful if the tenants don't turn it off.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

It’s awesome that you're partnering with your brother and focusing on regional vacation markets for your first property.

Congrats on your first 3! 

Heu Jaron, congrats on killing your first house hack!

A tax pro will not save you time or effort but they may assist if you're unsure. 

More times than not any wholesale deal you do will have lots of hidden fees attached to it, namely picking up all the transfer taxes so depending on the county you could get hit very hard. 

I'm a first time landlord and my first tenant moves in in 2 weeks.