But you need to structure it the right way from the beginning. 

It's what you paid, minus the value of the land, plus what you spent on long term repairs (roof, furnace, etc.

I would agree that the likelihood of having any lawsuit go against you for more than a million is very small, but the coverage benefit is just to cheap to skip.  

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Well-maintained homes: Homeowners tend to spend more time and money maintaining their homes, which contributes to the overall quality of the neighborhood.

In regards to tenants, to putting the house on Section 8, to the selling of the property.

I'm also curious about what the process looks like for other landlords who have gone through this.

This is my first post on the BP forums. 

Your knowledge in construction, design, and different strategies will be a big help to the community.

By the end of the game, he will know more about investing than 80% of Americans.