I plan to use any excess money after it is over 50K to buy additional properties.I have a 1 Million per occurrence personal liability umbrella that my agent said would cover all of these rentals.  

I'm also not familiar with banker's appetites if non-bank refi's are in play.  

The ******* who lived in the house before me decided his DIY work would include smearing excess mortar everywhere SMH!

When this plumbing is broke, it could break anywhere along the pipe and cause major ceiling damage or flooding to the home in excess of the cost to replace with more reliable pipes.

im told insurance in FL is high but that seems excessive. 

@Brie Schmidt can't deduct 100%, Joe A. the interest on your excess funds ($5k) is the portion of the debt that will not be deductible under the tracing rules.

Now excessively high fees are on most buyers list, and can turn off a home buyer. 

I wouldn't buy where the negative is excessive. 

We end up returning $1000 - $1500 in excess materials when we do the final cleanup and recoup some costs.  

Depending on your appetite for risk, you can look into C/D class properties/neighborhoods in Boston/Greater Boston Area.