If an employee was stealing from the till would one say "what can you do" and just ignore it????

Again, talk to the locals—cops, hotel personnel, and restaurant employees—to obtain the inside scoop about the neighborhood.Real estate investing necessitates rigorous attention to detail, which is why property tours are essential for acquiring critical information.

It's allowed me to do some of my own work like changing toilets and fixing leaking ceilings, but even if I don't want to do a job personally hopefully I'll have enough knowledge to not let a contractor over charge me, or recommend something I don't need.You'll also meet local contractors, and hopefully investors.They may offer an employee discount too.

So, when you are underwriting an str purchase, much of the business should be evaluated separate from the real estate.

They will charge you $25k to connect you with a CPA who is not a WealthAbility employee, they are contract workers.

What does my in law have to do to like work wise to be my employee?

We feel very confident in our underwriting, but given the jump that we made from SFH to an apartment building, we want to ensure we're not missing steps in our DD/inspection plan.Here's our current plan:1) Have a general inspector complete a Property Condition Assessment.2) Have specialists complete an evaluation of the roof, electrical, foundation, and heat source (2 steam boilers).3) Review financials, all leases, existing service contracts, rent roll, tax assessment, rental certificate, and 12 months of work orders.Here's what I'm not sure about:1) Are there DD items (specifically those that we would request from the seller) that are not captured within #3 above that we should be requesting?

Each carrier will evaluate the property and determine what the cost will be and that's why each carrier has a different premium for the property with generally 85-90% of the coverages being the same.If you feel the dwelling is low see if they have a guaranteed home replacement endorsement that can be added or 150-200% dwelling coverage to truly protect yourself in the event of a total loss.The market is going to be like this until 2025 most likely so the easiest thing to do is raise your deductible without sacrificing coverage.

I would recommend using a calculator to evaluate future rates and determine at what point in time/rate would you cash-flow at a comfortable level (after capex, repairs, vacancy, pm, etc). 

As for what happens when we die, that's something we re-evaluate as time goes on.