Drinking a bottle of poison and you get sick, are you going to ask your doctor how to drink that poison so that you do not get sick?!

Land $10,000, due diligence / soft costs $3000 (oversees architect and engineering), $1900 to remove from flood plain / get survey, the house is 700 sq ft which the floorplan is below.

Now that the city's below sea level flood plain is common knowledge and it costs an arm and a leg to insure those buildings its not desirable anymore. 

I finally got sick of it.

However, title can be “clouded” many ways, including heirs who never registered their rightful interest (usually when someone dies without a will), spouses never formally divorced, common law marriage situations, children born out of wedlock, incorrect survey information, Sheriff and tax sales misidentifying multiple parcel situations, partial property rights transferred such as remainder estates, tax liens unrecorded, incorrect county identification due to changing county lines as when a river redirects, and of course plain old error in the property description copied onto the recorded warranty deed.  

Obviously, you must find an insurance agent who communicates well and can explain terms and policies in plain English.You weren’t specific with your question but there are two types of insurance you need, Title Insurance and Property Insurance.For Title Insurance we require a lender's title insurance policy for 125% of the loan amount, a 2006 ALTA policy or 2021 if available, and various endorsements.

I guess I'm just sick of watching banks and corporations ONLY care about the dollar and not the people who bring the dollars to them.With my background and goals put forth, I look forward to getting to know a lot of you and gaining insight into this market and how it can help my to enrich not only my family, but families everywhere.

Learn to be the best operator out there in your nicheAnyone from any industry can give you the same type of money for the right deals but if you make yourself extremely valuable operating deals and rental properties you become valuable to those holding the money.Think of a Doctor, they are great at helping sick people but know nothing about managing rentals day to day, and if you know how to find deals you become valuable to them. 2.

You cannot simply buy a house, all white walls, plain or no decor, boring photos, the listing you create not maximized and just because we bought a house think we are then entitled to bookings.

If that's the case you need to make your principal last a very long time - most likely 50 years or more.Your idea that you won't spend any money when you're 60 is laughable, unless you think that you'll never be sick, won't be renting anything anywhere and won't need anyone's help maintaining any house that you buy even for cash.