Any other recommendation to ensurebthat umrella insurance is full proof and that it actually works and they dont bring that one disclaimer if and when it comes for actually paying for the insurance claim,  if ever.

What options and moves do you have left to: liquidate an asset, how long does that take etc Going through these scenarios should help you keep your portfolio recession-proof and healthy.

Maybe self manage when you have just one, and once you have proof of concept and want to convert all the units, then get a property manager?

I don't have experience with the Detroit Land Bank, but generally land banks are pretty reliable, but...they are low money buys (from $1 to $1,000) that require you to show proof of funds for the rehab.

We are wondering how to go about showing proof of funds if the deal ends up being an on-market deal.Any advice would be helpful.

When we have proof from them that they moved out - the text they sent - we do not proceed with eviction as it would be a waste of money.

Following this, I consider it another pro of our situation that I have the ability to do significant property renovations myself, and between my wife and I, we make a pretty good design team.

As "proof" that they are legit, they sent me a copy of a DE vorp good standing screen shot and a fake HUD statement showing $1.2 million on a property that was sold for $200k three years ago.

I can show proof if needed, lol.

I just bought all the drywall, cement board, and a 3/4 full thing of red guard water proofing that I need for my entire bathroom remodel for no joke $110, that would have cost me $400+ at the store but someone else who already finished their bathroom just had a ton left over.