Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Umbrella insurance is crazy cheap for the benefit, and it already requires you max out your liability on your other covered items.

Based on the purchase price, closing cost, agent fees and certain other items you will calculate (capitalize) a total number.

And then the second item is - if you do take out more money, where does that leave you from a cashflow standpoint.   

Pros: Diverse job market, low unemployment, great resilience during recessions, nice appreciation, 1% rule can be hit if you look hard enough, great economy, good schools, Midwest nice.Cons: Extreme weather at times (hot/humid summers, tornadoes/hail, brutal cold in Jan/Feb), high insurance premiums, property taxes also really high.

Had my inspections done a month or two ago and they checked about a dozen items per property that had to be corrected and told us the properties were deemed "uninhabitable" until then and no one could stay in them.

Be wary of front loading on the itemization/draws in the contract. 

You actually have a pretty solid setup with your diverse degrees plus the one alumni so there's something there.

Here are a few key items that help us stand out from other companies. 1- We act as the bridge between landlords and tenants.

Second, your lease should indicate what items are included/covered by the landlord.