But it's best to jump in feet first.One thing that's helped - I've been able to grow our organizers by three additional people - we have a US / Korea Liason, a bilingual research analyst, and another coordinator.

I purchased my 2nd from an investor friend who sold it to me for a discount (45k lower then appraised value).

Additionally, the national debt is becoming a thing.

Yes, insurance should be in the LLC's name in this instance and you should also have yourself as an individual and "yourself, Member" listed as additional insureds.

@Nicholas L.Of course, additional rules won't protect 100% but at least something to use if anything goes wrong because my last tenant cost me more than 7K to repair. 

@Daniel Schlittler   If you start one, let me know and I'll add it to the list.

will add it to my template response for why house hacking is better, why it works in expensive markets, and how the goal is not to 'cash flow.'

Additionally, I'd love to get info on the local meetup - I will send you a message direct. 

While Section 8 rentals offer stable income, be prepared for additional regulations and inspections, and thoroughly research program guidelines.

Banks and credit unions can also offer flexibility for investors that engage in strong relationship-building strategies, offering discounts and solid loans in exchange for borrowers willing to use the institution for other purposes (savings accounts, etc.).