I do know Walter and have known him for more than 25 years, he is upstanding and he is smarter than the average bear, he's in the deal to help people and I have learned an immense amount from him I am now 67 years old and I bought my very first home by having my parents cosign!

Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting. 

Monthly operating costs vary between €150-250 based on the amount of work and the type of accountant office you would choose to work with (those focused on foreigners usually charge more).It is true that in general this is higher than in many other countries.It is the first time I have heard about the possibility of a virtual office from out of an LLC.

Our total invested into this property is 1.14 million among 10 investors (this amount does include a 250k seller carry loan to be paid off by the 2 of the investors over 5 years).This property was up and running starting December 15 and we have had it pretty booked since then.  

But I know that the leaders are working on plans to fix it and they are very skilled and effective.

It likely means you have that amount of coverage when caused by another peril and as mentioned it's typically a significantly lower limit than other coverage amounts.If a pipe bursts, it will likely be covered. 

The only thing that changes is how many tenants theyre are, And how long the remaining lease is so you can rewrite the lease term for that amount of time.

We had good capital gains on our first new property so we were able to inject that in our current primary residence reducing mortgage amount.

@Josh LansberryWelcome to the community and be ready for a huge amount of information at your finger tips.

I'm in the similar market and have a good amount of connections.