The biggest differences between residential and commercial:  Scalability, financing are very different, property taxes may be different, Insurance is definitely different. 

Hi Everyone, want to introduce myself. My name is Dina, I live in the suburbs of Chicago. I have bought and sold several properties across Chicago and Barrington area over the past seven years, and was a real estate a...

The mortgage was also raised due to insurance issues to about $1,950… so I am not making much cash flow, more like a cash trickle.

If you have high holding costs (financing, taxes, insurance, utilities, etc.) the longer you are holding the less money that you are makingSelling profitably - How long will it take to sell?

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.From my experience, it's possible to find deals that meet 1% rule if you invest in *turn-key* duplex or SFH here, but they are harder to find, and could potentially slow down you from scaling up.

Same answer whether you borrowed against your residence or against your rental A or against your life insurance or from your family or from any other source. 

- Warrney => insurance => make money by delaying & denying claims.6) PMC - finding a good one is TOUGH!

Most home owners are only familiar with California Closets pricing and automatically perceive closet fit outs as being expensive.

They are investors as well and have good contacts in most markets they sell properties in, insurance, property management, etc.

Failures: Had a house that burned down this month that wasn’t insured as high as I should have.