As you stated, that leads to higher property taxes and higher homeowners insurance as well, and when combined with higher property values and a 150% climb in interest rates, it compounds affordability issues.

Stop spending.I'd be surprised to see anyone take on a face-to-face mentorship with someone under 18, just because of insurance and legal implications.Listen to your parents, get a degree (something that can't be taken from you), get a job, build some cash.

While buying near a hospital can sometimes be a good investment, in this case, the hospital in question is MetroHealth, which is a county hospital primarily serving lower-income residents, many of whom are on Medicare or may not have insurance.

If so, I would love to inquire who you're using for your mixed-use insurance?

Umbrella Insurance: Yes, having umbrella insurance is a good idea.

I'm eager to start the work of finding a drive-by appraiser and calling title & insurance companies to close this transaction.

I do this actively networking with other investors, sharing content on sites like Bigger Pockets and Think Realty magazine, and building relationships with referral partners like wealth managers.Finally, you have to have the best people working with you from your lender partner, to your property inspector, to your property manager, to your insurance partner, and asset protection and business attorney.

I'd consider Florida because I love that they have tackled the squatter issue except I know insurance prices will creep up in the next few years.

In California, insurance companies are very tough now.

Also, the costs in Florida are high, with expenses for insurance and the hurricane risk adding up.