My only advice is to ensure your insurance expense accounts for the need for hurricane coverage.

Take advantage of the opportunity to leverage your income to buy properties using your job income and personal credit.Carry high amounts of insurance coverage to protect your minimal assets until they grow enough to need an LLC for asset protection.Delay the "good things in life" to buy assets (properties and ROTH IRA investments) that will provide streams of income for years to come.

@Jon Klaus I e mailed Don Konipol with a quick questions and he replied with a comprehensive answer that saved me hours of googling..

It's best to clearly define what your objective is for net cash flow, cash on cash return and if financed, debt coverage ratio and how long it will take to pay down the mortgage through cash flow.

I have $2mil coverage for each of my LLCs and I am increasing it to $3 mil mainly because I purchase my properties all cash, so having additional $1 mil gives me peace of mind for not a lot of incremental cost.

Especially after you consider turnover costs, vacancy costs, damages, evictions, and property risks.4) High and low end property profits are both greatly effected by how good your tenant screening process is.5) insurance cost is higher, per dollar of coverage, in lower end neighborhoods.6) property taxes are lower in low end neighborhoods.I'm sure there are more, those are the ones that popped into my head.

The note and all related materials may look great on the surface, but being unaware can cost you.I won't pass judgment on something I have not seen, but I have seen materials on notes in the past and so far, I've not seen any comprehensive information and there are various "classes" or programs that give you enough clues to either be investing with a brokerage or be a birddog for one.From what I've seen, a national mortgage originator's/broker's license class appears to cost about the same thing as a real estate license.

Depending on the breed, you may want to double check on the liability coverage.

Make it is comprehensive as you can.

That's not comprehensive, it's just cluttered with irrelevance.