You’ll never get rich on cashflow.

After doing some research, I finally read rich dad poor dad (a classic turning point).

Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?

@Rich Albert This law allows property owners to turn the property with the ADU into a condo building, with an HOA to manage common areas such as driveways and such.  

.), the appreciation makes you wealthy/rich. 

The riches are in the niches.

Start by consistently analyzing deals and read a few books like "rich dad poor dad" and "richest man in babylon"

Insurance payout rates are, by law, very rich, and pay significantly more than you would probably pay under normal circumstances.Before you hire the roofer, I'd ask if they think they can cover your deductible. 

A prudent investor doesn't seek quick riches through shortcuts.

With those funds you should be Cash Rich from all the positive cash flow.