I did some research on this topic. While doing my research I found a great article that estimates when each real estate market is going to hit the bottom. You can see the article at CNNMoney. Go to Google and search f...

Every hour you spend laying tile or painting is an hour you could be paying someone else $10 (or whatever your local rate is) and you could be finding deals.Or, consider going back to school, either in a trade school or college.Look at the bureau of labor statistics.

But that requires a good bit of training on demographic research, (not to mention design skills or the budget to outsource the design of your landing pages) and statistical data analysis so you can project the yield on your ROI.

The worse case scenarios, though statistically rare, would be failure of a fixture, cabinet, or appliance causing injury to a tenant or extensive damage (ie. fire ) to the property.

In this case, you will most likely regret your decision to decline RCV for the up front savings.I don't have the statistics in front of me, but a large majority of property claims are not a total loss.Another point to keep in mind is that some "ACV" policies will also come with reduced causes of loss.

Statistically, the average agent will sell only a few houses a year.

I guess this info will not be available until I join the local MLS but if any statistics available out there that I can look at(days on market, values over the past 12 months, etc) that would be great.

I tried searching for official statistics but couldn't find anything.I told the caller that each applicant would have to be on the lease, each would have to qualify with good credit and references, and each would be jointly and severally liable for rent, should 3 of the tenants move out.

Your best advice I believe and I would agree is to always consult an attorney when you are assessing your risk.You almost sound like an insurance agent, LOLThe only part I agree with that you mentioned is to see your attorney and that values may be different in different jurisdictions.I'd say the only ones on this site that can evaluate similar cases would be attorneys, certainly no layperson can make such an evaluation.When I had my insurance brokerage I also did finance work and estate planning with an attorney (who later became a judge) I did valuations for him for loss of work, loss of an eye, arm, leg which are pretty well statistically set, not wild determinations.As I said, costs of defense are insured, the attorney gets paid.If you are exposed to 50M in losses, insure for 60M.If you are under insured, you have a loss and your assets, like you said could be liquidated, but not all your assets, some assets are protected in BK.

Statistically, 4 out of 5 new businesses fail after the first year.