. #4 is a bunch of unnecessary incorporating questions.Here, this one is available: SteveGbuysTXhouses.com.

That's what I did, and it cost me an unnecessary $20k.

The main concern I have beyond the investment being cash flow positive, is to not be tied up with unnecessary headaches of having to evict people or units being trashed. 

A new flipper represents an unnecessary risk for most lenders.

There is nothing wrong with what you are doing, but it might be unnecessary.

If I let them run loose it would probably be 5k-10k a year in unnecessary costs.Also the work does come in spurts so it isn't consistent.

An LLC per property seems unnecessary. 

2) In some state mine included (MI) you have the right to ask what the charges imposed on the previous tenant's security deposit was and if those charges are then related to property issues than the landlord has to provide you with what was broken. 3) You can object to ANYTHING in the contract but really its up to the PM to accept your request or not.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, you should sit down and assess your personal finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Building housing is subject to a significant array of regulatory costs, including a broad range of fees, permits, reviews, and other requirements imposed at different stages of the development and the construction process, with both a direct cost and a time/delay cost.