The grass is greenest where you water it. 

This is another layer of cloaking within the 1065 tax return and allows your rental income and deductions to fly just a little closer to the ground as compared to Schedule E page 1 of your 1040 tax return.

It might make more sense in CA or someplace closer like AZ or Nevada. 

We need additional 50k to Finnish house and estimate conservatively it will be worth 350k, I think it will be closer to 420k.

But you have peaked my curiosity and I will take a closer look for when we talk.With respect to your third question, I cannot comment without examining the exact insurance policy but insurance is one level of protection.

@Angelo Proto You mentioned wanting to offset your W2 income by investing in STRs...so I think you would have to have an STR that is closer to where you live. 

I don't know how complicated that process is.For single family, I have looked at loan assumptions, and currently, what the new home builders in CFL area are offering seems like the best bet, if one can do a primary residence.I would love to attend a CFRI meeting, I will reach out when I am closer to returning back to Orlando from my current trip.

But you would be missing the true number of closer to 33% of your profit on a typical financed property.  

The closer you get to the 1% rule means you'll be buying an old, fixer upper, in the worst parts of town.The other real trick is finding 4plex. 

My goal is to acquire more properties, but closer to easily manage it.