Sticking with this example, we have $70k in the property and that is equal to .7 of the ARV.

I ultimately went with Arizona because I thought I would rather visit AZ twice a year than Oklahoma, Ohio, or Illinois.Phoenix and Tucson were equally good choices- but there were a few other cities I also really liked.I looked for any city/community with consistent job, population, and wage growth.

The old lease transfers to you upon sale of the property, and is equally as legally binding as though you had signed it yourself.

Hello All - I have a question regarding property management.We just recently purchased a triplex and the agreement reads that the PM fee is "(b) A fee equal to TEN percent ( 10 %) of gross rental income received on all rental agreements starting in 2nd month, OR $65.00 per month, whichever is greater."

Don't think in terms of  flood, equal insurance claim, and then contractor repairs, and back to whole.

I hedge with higher liability coverage and feel that as long as your coverage is equal to or greater than your net worth, you're probably going to be okay. 

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

Net worth equal to the loan amount is not a standard requirement regardless of the loan size. 

And yes it's absolutely vital to read a ton of books, blogs and listen to podcasts every day to continue to grow your knowledge foundation.

Clearly not all property management is created equal.