The ultimate goal would be to rent it out for short term stays or possibly as an event venue (in addition to being on farmland, it's surrounded by pine forest and waterfront).

I would recommend attending local RE meet ups if possible.

I work 2 (soon to be 3 jobs), live at home, attend college, have 20 grand saved up on top of stocks and an IRA.

Insurance is for catastrophes not maintenance - if there isn't a "sudden and accidental event" you can point to as the cause for needing the repair then insurance does not applyCan we assume you have all galvanized pipes in the house?

Are they actually as time consuming as people say "4am toilet broken events"?

A few great ways to learn more is to attend local meetups, use the search feature and set up keyword alerts.All the best!

But, ultimately it basically boils down to retaining cash/liquidity in the event that you desire to make additional investments (or, as it seems your concerns may be hinting to, in case you need it for something else).

I attended a weekend long event where Tyler was the presenter for RE Mentor a few years ago and I can tell you that Tyler is the real deal.

We attended Gene's 3-day training two years ago and are about to close on the construction loan for our first RAL.

We're aiming for a budget of around $15,000 for both the venue and catering.For those who have had weddings or attended weddings in Temecula - is this budget realistic?