If appreciation is slow and steady, and no extra liquidity is available, the basic fundamentals of personal finance do catch up to this investor.

I'm also working on a Google Data Analyst certification to bring in some extra income while I'm home with our 19-month-old daughter.I'm still pretty new to this, though, and I'm not sure where to start or if I'm on the right track.

With an extra vacancy or a maintenance issue or an extra turnover, this is definitely a negative cash flow producing investment.So when you say the rent growth and value growth have exceeded your expectations, I would love to have you respond as to how that is possibly the case. 

That way you wouldn't need an extra policy.

I ASSUME you’re talking $400+ in extra expenses for providing water, power, sewer, gas, internet, communal area cleaning, and exterior maintenance.

Before you close, can the rent from your buddy and the midterm tenant cover your mortgage, taxes, insurance, plus a bit extra?

Quote from @Chris Seveney: Quote from @Jason Monaco: I listened to the webinar....more bad news. supposedly the company that was handling the pay off of the loan sold more assets than they should have and kept the extra moneys made on the sales.

He is always having issues, confrontations, ongoing drama and the like.....You just provide an excellent service and smart people will pay extra.

If, a year from now, you have an extra $20k piled up because you have been serious about this, it established a bit of a track record and proves that you are a doer and not just a dreamer.I would also express gratitude that you have a partner that is so cautious.

Politely and clearly, make it extra clear that all information will be verified including income prior to the signing of any lease.