So if there is a fire due to natural cause, HOA insurance will cover the cost of exterior repair like painting the exterior walls.

Hi Katie, I’ve actually been thinking about exploring smaller acquisitions like duplexes, triplexes, or quadplexes as a starting point.

There are tests you can buy on Amazon, where you can swipe it on the walls to determine residue.

Nobody ever went broke over a duplex, I know this now,  but I have to admit I had some serious doubts about this when I started 16 years ago, I bought every course I could find, already on CD's, this was post cassette tapes lol, and I paid RichDad Education for a one year coaching program (turned out my coach was a girl in a call center without any actual experience). 

Knowing exactly what’s happening with the duplex—rents, repairs, tenant feedback—can help you catch issues early and save time, stress, and money in the long run.

Expect to remodel kitchen and baths and put new floors down, paint, knock down a wall to open the floor plan. 

Moving walls usually requires figuring out what is or isn't load bearing and likely putting a large and usually expensive header.

You can buy a solid duplex with $1800 rents and no owner expenses for $350-$4325,000 that will appreciate and build wealth and cashflow.

Yes, you can find a duplex for around $150,000-$200,000 in a C neighborhood here in Columbus. 

My first property was a duplex, and then a year or so later she bought her house, and we moved in together living in MIL suite basement and rented out the rest of the house.