On standard for 401, there is a section instructing the owner to carry general liability insurance in the amount of $XXX,XXX, but it does instruct them to consult their insurance carrier. 

Imagine if you did instruct the USPS to not forward your letter, and the tenant would present this action to the judge as, “See, she definitely did not want me to get that letter!”

My coach says to move by the speed of instruction, but I'm not sure if my own market of Sacramento, California is worth spending a lot of time and money in, especially for rental properties.

Since you have access to a mentor and financing, flipping could be a good option to generate capital quickly, which you could then reinvest in rental properties.Foreclosures: Flipping a foreclosure can be profitable, but it can also come with hidden challenges like repairs that are more expensive than anticipated.

In the middle of a sale of my parents condo and it's been 5 months and we have not closed due to title companie's lack of communication, instruction and then bringing an outside attorney into the fold to assist that has dragged this on even further.

Ther are a LOT of hidden expenses that go into holding rentals that many new investors don't recognise.

While we should be very diligent in our due diligence, there can be many hidden surprises creating fluctuating repair costs and changing the useful life of assets. 

A hidden expense that is impacted by capital gains is Medicare payments, if you are close to 65 or older consider the below:The monthly amount you pay for Medicare Part B and D is based on your Modified Adjusted Gross Income (MAGI) from 2 years prior.

No hidden fees: No challenges where you learn about costs via HUD-1 forms such as the lender requesting more insurance liability directly with an insurance agent that was not declared upfront.

You can set your auto-approve vs. needs-reviews standards, as well as instructions on who to call for what.