It all comes back to Landlord who pays the full bill, so it's really not insurance at all.

One month vacancy can eat up all the cash flow.

Quote from @Curtis Cutler: Hello all, I'm trying to rethink my retirement plans.

This allows you to use all of the tax and deferred depreciation recapture to purchase the larger MF propertyA consolidation exchange is where you sell multiple investment properties to purchase a larger and nicer investment property, but you also get the benefit of using all of the tax you would have had to pay to your advantage.

Over those 11 years it has been occupied for all but 3 months until this most recent turn.

Am I reding this all correct.

Wherever you took your broker's class you should have ample study materials.If you are talking about your real estate agent's license in NJ (that is not a broker's license), you need to take the initial class at an accredited agency and they will give you all of the materials after you finish the 75 hours for the test. 

Congrats on your first land sale.Wishing you all the best on your REI journey.

He will take anything of value, leave all the trash, and not pay you a dime.

And here is why:Real estate is all about relationships.