What would you recommend to my team and I as we start out to avoid those same mistakes?

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

The commercial units would need high credit tenants with very strong, long term leases for this to work. 

I see them as a high maintenance item that will not be as popular as you think they might.I would do a hot tub first if that could work.EDIT - So I just chatted with my neighbor and he spends about a 2 hours a month keeping his sauna in shape.

Does anyone have any recommendations on Collections Agencies with higher success rates that operates in Tennessee and Georgia?   

Thinking possibly two options (pictures below)Any suggestions or thoughts would be highly appreciated!

I don't know any of them and don't want to just start buying them without recommendations from people that aren't trying to make a buck off of me.

Recommend checking out how many students attend Ohio State vs.

Are there are any real estate agents you would recommend from personal experience or from follow investors that focus in Michigan City, Indiana? 

I would recommend the following:1.