And depending on how he deals with them (whether he tries to handle the claim himself, or hire a Public Adjuster, which I recommend), settlement amount can range drastically.Depending on the extensiveness of the damage, most of the time, Public Adjusters are looking out for the insured's best interest, since they work on a percentage of the proceeds, so they'll point things that need to be remedied to the insurance company, that the homeowner will have no clue about.

Hi Bowman, it seems to me that your biggest disadvantage will come from the lack of knowledge about what is feasible in the market you are in, because I think that should largely affect what your acquisition strategy is.For example you may want to buy something that cashflows but if you are in a rapidly appreciating market like we are in right now in the Twin Cities, you will have a hard time finding something to get excited about and will need to target different asset types or adjust to find another way to get your money to work for you.In this market your advantages aren't particularly helpful as there is so much money chasing deals, that the ability to qualify for financing doesn't really set you apart.  

(It was 8'3" before the city made him widen for safety) I'd love to just buy his place and adjust lot lines, but he's putting it on the market and will ask the moon no doubt. 

Rent rates and purchase price can be adjusted if the option is renewed/extended at that time.

So many piling on I need to adjust. 

It's going to be about  the facts of the case.But my guess would be that your accountant can separate that area out and allocate a certain % to investment use - and depreciate and allocate expenses and adjust basis accordingly. 

Manual readings would obviously be much cheaper to install and you can check them every quarter.A better suggestion is to replace the aerators on all 6 units.

Listen to Dave and learn about manual underwriting.

Many of them have several large screws that allow you to adjust the height of the threshold.

Maybe adjust the deposit to offset the risk?