Quote from @Dominic Rosato: Having a LLC (a type of business entity) and setting up an umbrella policy (provides a specified amount of liability protection) are decisions you should make independently of one another.As someone who has previously worked in the insurance industry, you will want to do the following:1) Alert your insurance company that this house is now a rental.2) Make sure have this rental home covered for over $1 million in liability coverage.

Which one usually has more action, more players, more that I could watch, listen and learn from?

Ask if they've approached any of the regular commercial players like CBRE, ARA Apartments, Starwood Trust?

Meet the players, introduce yourself, get to know them, ask for cards, take them out to lunch.  

Start some pages Facebook Instagram Twitter BloggerSnapchat LinkedInYoutube channel Website page for your business Pump out content Miami is a big market for real estate but dominate by putting the most content out there flood it with your brand and your company. 

@Joel CummingsAn agent needs to bring real buyers, not game players and scammers.

He has recently passed, but he introduced me to many of the major players in town before I left Lex.

I would like to get to know players in this arena and start to build my team to expand into this area.I live out in Gold Canyon at the base of Superstitions with my wife and 2 kids.  

As an investor, using OPM(other people's money -- a mortgage), the purchase price and mortgage payments will dominate the cash-on-cash and cap-rate calculations.Yes, we would all like a Class A property for $1.95, but somewhere in reality is the balance for what can I get as rents and not have the expenses drive me to the poor house.Highly recommend the Calculators here on BP to evaluate the possible ROI using realistic numbers for each property.

I would suggest stay small and dominate the niche instead of trying to trade up to larger units.