I’m all done playing those games.    

Hi Robert,Given you are looking to buy another rental (long term), a cash out refinance on the existing property would be a good play here.

If you ever want to chat more about this... or if you're curious how these strategies play out in markets like Austin or Scottsdale... feel free to reach out.

You want to play the charitable hero.

What about the second and third year when you no longer have the labor-intensive initial setup?

Umbrella insurance will never come into play for Property damage (fires, storms, floods, etc.)It is liability coverage only.I'm an insurance agent and have seen umbrella claims from fatal car and boat accidents. 

He’d likely play the role of buyer’s agent, contractor, and rental listing agent—something we successfully did last June.

Your goals will define the route you take on this but building a list for buyers/investors is a time-intensive activity and the list is a living and breathing document.

Not the cash flow play a lot of people expect. 

Sometimes the best investment is found in a 'transitioning' market that is just outside the 'great' market and is in play to be the next great one.