I am doing my first deal that needs substantial renovations. I'm a pretty handy guy but this would be outside of my realm, but my experience helps me understand how much this type of improvement should cost.Improvemen...

Quote from @Arvand Sabetian: Depends on your unit and size.

IRS definition of a dependent.To claim a child as a dependent, the child must be under 19 or under 24 if a student.

A good 'ol fashioned 3 ring binder that gets updated at least once a year.If a place opens up nearby or there is a new thing to do, I get the booklet or whatever with the info.

Think there is some substantial validity in this, but do you think it could potentially be utilized in a different fashion?

The last thing you want is to have a home run deal that theoretically should be a high-profit flip but is ruined because your contractor screws you over in some form or fashion (late deadlines, inaccurate scope of work, etc.). 

I'm sure that many of the speakers will have different opinions depending on their area of expertise too

For those who are highly disorganized, I sometimes advise them to have a separate account for each property, depending on the scenario.  

Each potential buyer has come to their own conclusion that it would be too much hassle and risk to manage in this fashion vs a traditional rental even though the average cap rate in our area has been half that at best.

Look into crime maps, and do the old fashioned thing of getting in a car and driving the market if it's not in your back yard.