If you want to brush up on PML, I suggest you check out my book Lend to Live: Earn Hassle-free, Passive Income in Real Estate with Private Money Lending available on the BiggerPockets book store.

@Chris Jordison Check out the bigger pockets book store.

Make a folder to store relevant documents per property.

If you want the best coverage in case something happens, call an independent agent and tell them you want a policy with Chubb...then be prepared to write a big fat check for that premium.As Dave Ramsey used to say, drive into any major city in the US and look at the names on the largest buildings downtown...usually either an insurance company or a bank, or both.

The retail (corner store) unit was converted to residential over 20 years ago.

Location: Central CaliforniaI also have an online store that brings in 150-200k NET per year and that’s what we live on and use to build a savings.

A couple of dollars at the dollar store for a cheapy milky white curtain prevents this.

@Mauricio Duarte I don't recommend using Expense screen to view all your expenses since that may not capture all transactions, ie. refund from store processed as deposit or journal entry.

How they've been in the property for 2 months storing their dogs there with no rehab movement, while putting sweat equity into it, but haven't addressed the foundation or any rehab issues yet.

Then the home was always used as a residence from time of purchase up until the last 2.5 years or so, which is NOT to be included as "non-qualified use", so the "Home" version should have 0 non-use days by the days owned, making my non-residence factor a big fat 0%, which multiplied by the gain makes my non-qualified use gain another big fat $0, meaning that my gain that is eligible for exlusion is 100%!!!!.......