Here are some additional comments to add - please be sure to read the last comment regarding making contributions to both an IRA and 401k.Can I set up a SDIRA if I have full-time job?

In addition, they are bearing the risk of you backing out of the deal and them being stuck with vacant units not bringing in rent. 4.

Regarding insurance adding additional umbrella insurance is great idea. 

You may not be able to break the contract this year but would recommend getting additional estimates going forward if you feel it is expensive.

I would appreciate any insights and additional things I may be missing.

@Ryan VienneauAre they able to set-up your credit cards as additional "accounts payable"?    

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

@Shmou N.ShmouYou can collect Rent and all other fees; Utilities, parking, or any other fee needed.We don't currently have a notification of the deposit but I will add it to our develoemt roadmap and you will see it in an update.

Its a very poor situation for the original owner to be on the mortgage for years and years without the benefits of ownership and the control.  

This plan also offers many integrations (at an additional cost) depending on what your needs may be.