I was curious, if you have say an auto loan or maybe some debt in a credit cards.

Hello to all, new member checking in here.I’m a mechanical engineer by trade, working primarily in the industrial automation and robotics industries.I’ve been on the fence reading/listening/dreaming for way too long learning about various investment opportunities and am ready to take a leap into real estate investing.I’m most intetested in multi-family and possibly note investing with some IRA funds to start.I’m looking to start building a network in this industry and creating a life with more freedom for myself.Thanks for reading.

@ Cody Weiss I am not quite sure to be honest,  that is why I wanted to ask the question and see what the more experienced think :) In my mind, if we're out of nafta, this will put a strain on the auto industry in the region more than anything else, resulting in job cuts -> less ppl that can afford to rent in the city.

It is super cheap as well.The umbrella insurance will require you to maintain a certain limit on your malpractice, home, and auto insurance before it kicks in. 

I'm assuming you know the basics of paying in full, on time, etc.Here's a few things that will help fast track to establishing credit -Get an auto loan / a secured loan. 

You should also consult with your attorney on ways to minimize the risk of a Mechanics Lein going against the property (happens often if the General Contractor does not pay the subcontractors).

Open to negotiation.While we would give serious consideration to the above arrangement, my question for today is whether or not there are other risk management techniques that we could use to protect ourselves from the mechanical risks and keep our interest in the property whole.Thanks,Chris

Does not include mechanical or electrical permits :-) Can you believe its even getting expensive in the "sticks." 

You may have state laws regarding the pool, we do.Typically, you need to make sure you have:Permitted fence with a lockable gate, the lock/release mechanism needs to be 5-6’ high so children can’t open it, same with exterior doors on the house leading to the pool area.  

There’s other contingencies you can use too, financing, feasibility, environmental, neighborhood review...Have your DD start the 1st business day after they provide you with all the documents, P&L sure, but also you’d want title docs, details on mechanicals like age, repair history and warranty status, insurance claim history for the last 5 years, every scrap of detail on any pending claims, zoning use confirmation from relevant govt entity, copies of all docs they have received from any govt authority related to the property for the past 5 years... there you’d be looking for code violations, notices from EPA or fire marshal, etc.