You'd make a lot of mistakes along the way (especially if you're trying to learn how to do a heart transplant), but you'd eventually get there.

My goals are eventually to achieve financial freedom so I can help out my family.

If you don't get these taxes paid you will eventually lose the property through the tax lien process, whatever that is in your area.

Speaking from experience of living in a snowy country.If you install tiles then snow and rain will turn into dirt, it can get slippery, the dirt will eventually dry out but will be visible.

Need to ensure that the lender doesn't account for payments, send them to a joint account for him to withdraw , this way the checking account will show your payment history.Tax wise, it's better to pay his closing costs than put the same amount down.No prepayment penalty, a seller or non registered lender cannot charge points either, that is prepaid interest. 

As interest rates go up, and eventually they will, that HELOC will go up faster and farther.

Just seems there should be some name for the true FCF generated, after setting aside money that will eventually need to be used by the property.  

Yes, I will eventually get a Lic contractor estimate BUT I want to keep my expenses to a minimum?

I got hooked on the concept and hope to grow my real estate "empire" to be a substantial source of income eventually (although my wife says I can't call it an empire with just two houses.) 

When the successful applicants missed the deadline for remitting their security deposit, we re-listed the property for rent and send them an e-mail with-drawing our offer on the grounds they had not fulfilled their obligations.