@Michelle SharkoAnswering questions in step by step fashion:- Is it a good thing to do or not is a personal finance decision and it depends on the person asking it, their risk tolerance which in part has to do with how this HELOC or line of credit works and how your personality fares relative to taking on new debt (a person more adverse to debt might have sufficient savings and temperament to pay down/back the debt versus a financially liberal person might get in over their skii's as).

Yeah, insurance is likely more than sufficient for most investors.

You are off to a great start because you know you don't want to LEAVE your job to do real estate, you want real estate to be a sufficient side car to the job you are already crushing out of the gate.

Otherwise taking detailed videos and pictures for the contractor to get a good idea of budget should be sufficient to get a realistic budget. 

A higher ratio (typically above 1.0) indicates that the property generates sufficient income to cover the debt, making it a lower-risk investment for lenders.3.

If your account does not have sufficient funds to acquire a property entirely, you can look into a non-recourse loan. 

You can also buy a Landlord Forms package from Biggerpockets, me, or find one online and hope it's sufficient and legal.You don't need an app to manage your property.

This will give you an idea of where you can be priced at with factual data rather than guessing a 3%. 3% could be sufficient but the data will help you be confident in your decision. 

@Laura CasnerFocus on quality over quantity in real estate investing, celebrate progress, refine criteria, explore secondary markets, and explore different property types.

The quality of work on prefab is not great, but easily sufficient for rentals.