But part of the reason that I as a beginner prefer to buy into an established tool is that it might help to educate me about what issues are important.I have also developed enough Excel tools to believe there are better uses of my time if someone has solved the problem for a few hundred dollars.

Having a mortgage is another layer of protection.Your Insurance on each property is a layer.Having properties in individual LLC's ia a layer.Umbrella Plolicy is a layer.Attorneys are usually hired on a contingency basis so the more difficult it looks the more likely they will not take a case against you and go after low hanging fruit.Also take care of your tenants and properties and you will be unlikely to have an issue in the first place.I have a trust, that owns a master LLC, that owns individual LLC's that own one or 2 properties each.I don't have mortgages on my rentals either so I added these other layers of protection.

I am considering investing in some property in a small town in Iowa.

Sorry man!As

Investment Info:

Single-family residence fix & flip investment in Davenport.

Purchase price: $52,000

Cash invested: $35,000

Sale price: $134,900

single family house flip. completed rehab in a...

Purchase price: $65,900 Cash invested: $5,000 Single family home (3 bed, 1 bath) in Davenport, IA What made you interested in investing in this type of deal?

Because I, as an agent, and EVERY agent I know, would LOVE a WAY more "affordable" market.

Places I've seen such as Alabama, Iowa, Minnesota, and so many other places.

If any damage is done to the washer/dryer or damage to property from washer/dryer, I as the owner would be responsible.

So I would be looking for someone bright, experienced, and honest as a PM to work with minimal oversight and overhead as they sell a wealthy man a luxury.