Starting with your wife and possibly your kids depending on age (for example, they can help clean between tenants, this starts  their education [Check with your accountant because you may be able to pay your kids and take a deduction].- - While you will do the lion share, can you take advantage of your wife's talents and availability?

If so the carrier has the right to deny any/all claims you make or if they want to be nice they will settle the claim and retro charge you the premium you would have owed having the proper policy in place when you started renting it out.Talk to a legit local agent and tell them what is going on and get them to run down all the exposures you have and what you could do to best protect yourself for the best possible premium.

I need the freshest leads possible.

I am here to learn as much as possible so I am not wasting peoples time or more importantly their money!

I fell off the wagon when I saw a bullet point that indicated all second story apartments have an elevator and their suggestion that it was possible to get 1000% Plus Potential Cash-on-Cash return in the 1st Year.Where has SCDC built?

I think the value to the trainer would be worth it and I suspect the student will get the best education possible.

But we also like the idea of having the highest cash flow possible.

It is like you and I are arguing about there being life on Mars, we go to Mars, and I SHOW you an alien that is shaking your hand proving to you there is life on Mars yet you still argue with me that it is not possible because of x, y, and z, when the alien is shaking your hand!

Seems like the only neighborhoods where FHA is even a possibility is cypress hills / east New York or east Flatbush, among other further out areas I don't really want to live in.

Naturally your property must sell before you can take title to the new one, but nothing prevents you from getting it under contract and make the process as smooth as possible.