Get insurance coverage when you close and put new locks on the doors.  

I have been researching RE as a means to supplement my income and retirement portfolio but after a round of lay-offs I am now looking for it to be my primary income.  

Because of this law, you may receive one or two supplemental tax bills, depending on when your loan closes.

I've been able to supplement my 9-5 part time income with the real estate on the side. 

One other cool thing that I dont think was mentioned here that can be useful is leveraging un-invested SDIRA funds to count as supplemental income.  

@Eric Neal sorry for not clarifying, I meant your insurance coverage for personal property and liability, I don't think that's covered by the exterior insurance...

There are a number of licenses involved in servicing...the type and coverage depends on state regulation and the type of services to be preformed. 

Get insurance coverage on your properties as soon after you close as possible to help protect you if something bad happens.  

No, I mean it's been imported from the U.S.A. ... almost like a solution looking for a problem.I do not know if the coverage is the same or less than in the U.S.A., but you can be assured most folks have no idea what their title policy actually does or does not cover.

We had to go with Foremost as they actually would cover vacant that includes vandalism coverage (at least in NC).