It would almost certainly (in my opinion) be considered "normal wear and tear" if you've lived in the house for 5 years, at the end of that long period of time the carpet would certainly need to be replaced and it wouldn't be your responsibility to do so as a tenant.And to continue his analogy, Bank of America would not expect you to replace the carpet in a house that they foreclosed on or otherwise took back.

What kinds of features should I look for in a business checking and savings account as a RE investor and landlord? 

Will prices continue to surge? 

If you think they will be a hassle and continue to pay late when they feel like it file for eviction AND close any channels they have to pay you rent.

My question: how do you stay motivated to continue fighting the fight to keep investing, flippling, selling, etc. 

From my point of view, that would be going backwards - I am wondering how I will continue financing properties once I get to 10!!

Same thing with flipping; you just have to stick to your criteria and not get pressured into bending your criteria to force a deal to work.Everyone, it would be great if we all kept in touch and continued to share our experiences with one another.

I have looked at and analyzed several SMF deals in the west end (Waconia, Watertown, Delano, and the likes) and am continuing to do so, hoping to find something that my wife and I with our two kids could live in and still have a little room and somewhat of a yard for the kids to play in.

Grant Cardone and other big investors continue to say this , maybe I’m missing something ?

Searching MLS there are definitely things in our price range (250k and under) and with the features we like. (3 BR at least for owner unit is really the only criteria as we work from home and have a little girl, and decent school system) Any tips, pointers, thoughts on buying in the area?