For the extreme level, that includes a dramatic drop in reservoir and aquifer levels, the implementation of water use restrictions, and impacts on wildlife and agriculture.

Maintenance,preventive maintenance has caught my attention.Although I can't become specialized in all of them (it requires continous learning) ,what I learn I implement at my job .My daily chores are:-repairs (light electrical work,light plumbing work, patching the flat roof,drywall repairs,sheetrock repairs,etc)-maintenance (painting, cleaning,light labdscaping)-preventive maintenance on pumps,tanks,gears that are vital to the daily property operations-find ways to increase heating efficiency and lower the cost at the same time-find ways to lower water consumption in the building and energy (electric and gas) consumption-increase the buildings occupants comfort-increase the NOI for the landlord-collect the rent-resolve tenants issues-basic inspection (I look for air leaks, gas leaks,water leaks) (of course a property inspector has much more skill in doind that than me)All of that brings me joy in my life, but it doesn't bring a high income (because I don't have a specialized skill)So I would love to find a way to acquire a property and put my skills into my properties.Thank you for answering, John

The difficult part about it is that, while we are doing the marketing through the short-term entity, we won’t always know which investment strategy we will be implementing on the until sometime later in the closing process.

Bottom line: make you sure you implement your plan of getting a good tax accountant on your team.

Awesome to hear you are implementing the house hack model! 

I'm sure the author could have wrote a book for each of the laws.Even though there are 1 or 2 laws which I find manipulative and not necessarily want to implement, the rest of the content is so rich and useful that I decided this to be my number 1 pick!

I would worry less about what cap rate you're buying at and more what your projected returns look like after implementing your business plan. 

I recently helped 3 of my clients find coverage for their portfolios between 10 properties and 51 properties, so it can be done.My suggestions is to find an insurance broker who works frequently in the real estate investment space, who has the knowledge of coverage, AND the available companies to be able to help you now and as your portfolio continues to grow.For your second question, I would also 100% suggest looking into implementing an umbrella. 

LLC is fine and can add extra protection if implemented correctly.

Go to the farm and implement auction