My goal is to achieve financial freedom through house hacking and long-term rental properties.

Whole house burned to the ground, likely due to guests smoking on the deck.

I have been a buy and hold investor on the north side since 2011 and worked with over 200+ house hackers

Invest where it makes sense.”House hacking is great, but there are many other considerations. 

I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it can blow up in my face.

If you are concerned about a 1M umbrella that, makes me think that your current policy is way too low for 10 houses.

You could also consider an open house showing. 2-3 hours on a weekend may allow a number of the people who have called and are interested in the property, to come in and all have a look as their time allows.

Bonus 4: develop a list of questions you want to get answers to before you do any opportunity.

This would update the house and consolidation our loans, but we are trying to get out of the middle class trap so we want to purchase our next rental property.

House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area