Real estate investing can be a great idea for several reasons:Potential for Appreciation: Over time, properties often increase in value, allowing investors to build wealth through appreciation.Passive Income: Rental properties can provide a steady stream of passive income, helping to cover expenses and generate cash flow.Tax Benefits: Real estate investors may benefit from various tax deductions, such as mortgage interest, property taxes, and depreciation.Inflation Hedge: Real estate tends to keep pace with or outpace inflation, making it a good hedge against rising costs.Leverage Opportunities: Investors can use financing to purchase properties, allowing them to control larger assets with less capital upfront.Portfolio Diversification: Real estate adds diversification to an investment portfolio, potentially reducing overall risk.Tangible Asset: Unlike stocks or bonds, real estate is a physical asset that you can see and manage, providing a sense of security.Control Over Investment: Investors can influence property value and income through renovations, management decisions, and property improvements.Building Equity: As you pay down a mortgage, you build equity in the property, which can be accessed later through refinancing or selling.Community Impact: Investing in real estate can contribute to community development and improvement, positively impacting neighborhoods.These factors make real estate investing an appealing option for many people looking to grow their wealth and secure their financial future.It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

At what point do you project rents covering mortgage payments?

As mentioned above, you can get a par rate at no discount points, but you can also get above par and get the lender to credit you to cover closing costs.

Were you able to use that to help cover for damages to your rental home?

If you can cash flow, then amazing, but more likely you'll cover some or most of your expenses. 

I am concerned about theft during and after renovation so a policy that can cover that would be of utmost importance. 

This is covered under Regulation X (1024.5(b)), outlined here: https://www.consumerfinance.gov/rules-policy/regulations/102...

2) Will a new tenant even cover your costs?

And the other reason and unless you get stung on this as a buyer.. unless you can get the title company to up your title insurance if you have a title problem the money you paid to the company that is assigning the deal is not covered . and you get a title settlement it will only be for the amount of the contract purchase price not the assignment fee so large fees are a HUGE risk to the buyer.

Hi @Justin Buckner  We, 6 partners, raised $510K among us to cover the down payment & closing cost, and the rest was financed through a local community bank.