Actually just go read Set for Life @Scott Trench , it’s a great and easy read and if I were 20 years younger I’d basically follow 90% if it and far surpass that goal of a millionaire by 30 by leaps and bounds.  

An attorney has been retained as the out of pocket losses exceed $10k the lost rent from the contractual deadline exceed $20k and the contractual late fees have surpassed $10k.

Yes your cash flow from your current multis would shrink but if you buy the right building you could offset and even surpass your current cash flow. 

@Laura Bowler Congratulations on your rental that you managed to work along with your full-time career.Continue your journey to add one at a time and before you know it, the part-time income might surpass your full time.We have handful of properties in Inkster too :)

However it does seem that prices have been steadily increasing in most markets, and being that they have surpassed their 2007 peak values is concerning. 

You get a refund for your deductible a year or so down the road when the dust settles on the whole thing.In order to get the renter's insurance company to pony up, I anticipate you'd have to sue the tenant and your attorney's fees would probably surpass your deductible before you even hit the courtroom.You should definitely require renters insurance, I just don't think you should plan on using it like you are thinking.

Nashville just topped the charts as the most expensive hotels in the country surpassing New York and California. 

Even if they are smarter, you will eventually surpass them because of your determination.

It will take a while until your REI income surpasses your day job’s.

For that, I will be following the 1% rule and:Build after 1950.Generally in good conditionClose to big citiesRentals in the area surpass the 1% rulePlaces were I would like to see/visitWithout doing much research I have found a couple of properties that under my perspective could be interesting.