Generally speaking solid insurance and a good umbrella policy will provide ample financial protection for most liabilities.

He started with me just after retirement and I recommend you look for a handyman who is retired because they are typically less expensive and as my guy likes to say, every day is a Saturday and that means they can get repairs done quickly.

Do you have the professionals you need to start an LLC, do the proper real estate/tax accounting, solid contractors to rehab or prepare the property, and a property manager to handle the day-to-day operations? 

Hi @Yents Ybrimovic - I love the FHA 203k renovation, but to be honest I love the Fannie May HomeStyle renovation loan even more.As an investor and a general contractor, I have used both products here in Chicago!

You should also check to ensure they have Errors & Omissions insurance, Fidelity Bond coverage, and a Financial Institution Blanket Bond.Some are more consultative and advisory and provide guidance, while others are just processors. 

We live in Austin, TX and are looking to expand however NWA has become quite overpriced and as such we are looking into the midwest and are particularly interested in Columbus OH, Milwaukee, Kansas areas.

It is my primary investing strategy and a big focus of mine as an agent.

Real estate is a LONG game and a good way to build wealth through equity.

A lot of my clients buying in FL are happy with minimal return but are buying for second homes, tax benefits, etc.I would stick with value add - with refi you can still achieve high CoC and a good equity position. 

I cannot sell because there was a break in and a lot of damage.