If there is a due on sale clause this can be circumvented using a trust in most cases.Also, if the home is moved into a single member LLC you would most likely not lose the primary residence Capital Gains tax exemption that you would have previously qualified for.While insurance is critical and a necessary part of the asset protection structure, the business model for insurance companies is to pay out as little in claims as possible so that should not be your only form of asset protection. 

If you want to succeed in RE investing, getting this experience will be critical).

Perseverance is a critical part of investing in real estate. 

Too often, Board members are motivated "to keep the maintenance fees low", rather than properly and effectively plan for preventative maintenance and timely replacement or renovation of common and limited common elements.Budgets and Reserve Funding Plans are critical to thoroughly understand.

She ultimately decided not to try to collect.Lessons: 1) cheap is not always cheaper.  2) Good/great service is worth a lot.  3) for a mortgage broker, nothing is more critical than being able to get the financing.  

Know how to take constructive criticism.

Know how to take constructive criticism.

To ensure success you will definitely want to associate with like-minded people, people with experience and who are already doing what it is you want to do, and people who inspire you… not naysayers, negative people, nor critics.

It is critical for you to know what you're approved for in order to begin to craft a plan. 

Thanks for any constructive criticism!