All I know is I would have loved to not have gone to college and instead apply that money spent to another rental property.  

He spent hundreds of thousands of dollars fighting off something that he had no knowledge of or involvement with.

The advantage of CapEx spend is that the money spent on CapEx can be captured as asset value and depreciated come tax time.

After having listened to the podcast and its various guest, I have glimed some tips that will helpfully inform my trajectory in REI.1) My ultimate goal is to replace my wife's salary within 10 years so that we can replace the time she works with time spent with our kids (don't have them yet but we plan on trying it November so fingers crossed!) 

I spent two years soaking up as much information as I could before taking the plunge and purchasing my first SFH rental in May 2017 in a partnership with my sister.

In the time that it took you to rehab it and with the amount of money spent.

Your agent doesn't want to spend time writing offers only to have them rejected and have that time they spent wasted.The bottom line is you need to offer what makes sense to you. 

Then your energy could be spent elsewhere.

More affluent areas, higher property taxes, better buildings for schools, more local money spent on education, better salaries and benefits equals better teachers applying.

There are two rules to being a real estate professional: 1. 750 hours per year in qualified real estate activities 2. 50% or more of your time has to be spent in real estate.