This exercise was merely to prove a point.

Ususally they will carry workmans compensation if they have employees and general liability which only protects against property damage and physical injury.

Digitize physical receipts for easy storage.Additionally, you can track income and expenses consistently, using software or spreadsheets.I use QuickBooks Online for most of my clients.

I could not read the NYT article because you need a subscription, but I found another article that walks one through a numbers exercise of determining the true cost of owning versus renting Do you think this provides similar sound advice? 

As terms like tokenized property assets, real estate tokenization and tokenized property investment reverberate, across the industry it's evident that the digital era has arrived in force.SMFLs vision transcends boundaries of thought.By integrating Vertalos platform with its existing asset tracking platform AssetForce, SMFL is paving the way, for a merging of the physical and digital worlds.

Having a safety net for unforeseen expenses is crucial.Failure to Exercise Due Diligence: Investigate possible investment properties thoroughly, especially through title searches, property inspections, financial analyses, and rental market studies.

Just as you wouldn’t give a child a book on nuclear physics and expect him to read it, start your real estate education (of which you have a fair amount already) close to home.

As I am unable to physically be present to handle the situation, I am seeking advice on the best course of action.Specifically, I have the following questions:How should I handle the immediate aftermath of the fire remotely?

Here are some additional methods to help you find off-market deals:Networking: Make connections with other investors, real estate professionals, and possible sellers by going to regional real estate meetings, networking events, and industry conferences.Direct Mail Campaigns: To connect with homeowners in certain neighborhoods or with particular property attributes, create a tailored direct mail campaign.Driving for Dollars: Identify foreclosed or distressed properties by physically driving or strolling around neighborhoods.

Arthur,  I did that exercise using Excel's Solver.