Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

None of the above works unless you take action and put it into practice.

It's probably not the best practice to use a percentage of gross rents to determine your expenses and underwrite a property.

. #1 plus just practice being an agent passively. 

@Scott Passman The overall condition of the property (affecting future repairs) and the ongoing management (practices that generate cash flow) are going to have THE greatest impact on your overall long term performance. 

These groups are huge for hearing about best practices and ways you can improve your next investment or make your current investment more profitable.  

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

My goal is to eventually get to a higher cash flow in the years to come and simultaneously build equity in the property.  

Maybe it’s the commercial lender in me, but I think it’s good business practice to retain, or at the very least have access to, all notices and documents that were given to the tenant.

Feel better knowing it's standard practice.