If you are leaning towards using a property manager or think you may at some point, just make sure you budget for that in your analysis so that your cash flow figures are taking that potential expense into account.Since this would only be your first property, I don't think you need a professional hiring firm--it would probably be more beneficial for you to do the interviewing yourself to be sure that you set expectations properly, are aligned, and can work well together.

A few insurance companies or financial institutions with strong relationships in the insurance space often provide this service.From my research and personal experience, MassMutual and Northwestern Mutual are well-known for offering policy loans or lines of credit against whole life policies.

If you don't want to squander it but want more passive, you could invest it in tax-advantaged mutual funds. 

Of the options I’ve purchased, a majority expired unexercised, mainly because they were “flyers” for me on a bet on a beneficial event happening that wasn’t likely to happen.

While this approach works in the early stages, there comes a time when consolidating all your properties' insurance into a single, scheduled program might be more beneficial.

Another issue is the gas station includes a liquor store so opening a new company to buy out business would mean losing the age of liquor license which may be beneficial in the future if they pass a law on permitting more liquor licenses to existing holders. 

When I choose to sell, I’ll make the determination of whether it’s most beneficial to sell the units individually and if I do, it’s an easier process since the declaration is recorded and the city already recognizes the 4 separate condo units.

Mentor programs aren't for everyone but I have found the network of investors all over the Country to be super empowering as well as beneficial to my investing.

The use of a flat fee for higher-value properties is a common practice and can be beneficial in ensuring transparency and predictability in transaction costs.

This can be beneficial for a few reasons:Separation of Personal and Business Assets: Moving the property under your LLC’s umbrella through a DSCR loan will allow you to separate your personal liabilities from your business assets, which is crucial as your portfolio grows.