All mechanicals were destroyed and I didn't have flood insurance as it was not in a flood zone.

The mechanical inspection failed because I did not have oneThanks, Jorge

I would also consult an accountant or lawyer about the 1031 mechanism and the exact specifics on how to execute it. 

this is what I see as some of the advantages of umbrella policies:No need to isolate finances as can be the case with other protection mechanisms. 

Although most lenders have access to the same products, 99% of lenders out there don't understand the mechanics of house hacking.

We made great returns but I wasn't involved in the decision making and didn't learn the mechanics of note investing.When I met my current partner, I came to the office 3-4 times a week and learned the business.

An inspection may not be a bad idea to to make sure your bases are covered for major issues such as foundation, roof, mechanicals and etc. 

Hello all,A little background, I have recently graduated college (1 year ago) and have been working as a mechanical engineer now for about 8.5 months.

It is listed for $225,000 and all the mechanicals (appliances and furnace,etc) are in decent shape.

My concern is with the rents that low, if you have 1 mechanical failure, like a furnace go out, that could cost you anywhere from $2000 to $5000.