There are debt to income ratios to be concerned about as far as buying properties - but that will depend on your income and other debts.  

Networking with other investors and seeking advice from financial advisors can provide valuable insights and help you avoid common pitfalls.Keep an eye on your financial health by maintaining an emergency fund and avoiding over-leveraging.

Nothing changes as far as claims are concerned, in case of a claim the payment will be made to me as the owner. 

thanks for your input. im not concerned. ive just never done hard money. thanks for your insight and information. i have all of the information you suggested will be required. im attempting this next week. my worst case scenario is a hard no. that just makes me work harder

The more I am reading and listening, the more concerned I get about liability protections.

My county is Very concerned about “occupancy and overcrowding”, so they made an ordinance that says, “A group of not more than three (3) persons not related by blood or marriage living and cooking together as a single housekeeping unit.”

I definitely have a lot of the same concerns as you do. 

But if you buy four $200K houses then it's apples to apples and you're not going to fall behind.For what it's worth, I'd be concerned that if you over extend yourself buying a primary home you'll create a larger scale issue than just being house poor.

Currently my husband's parents own the property but need to sell due to declining health. 

They offer flexibility and are specifically designed for rental properties.Best,Stacy The only thing I'm concerned about is the prepayment penalties with rates coming down.