So all heavily loaded insurance payments you made (Or your tenants) starts anew. 

So loaded question.

Keep trimming the branches on your side - This will shift the weight/load to the side. 

Originally posted by @Nancy Wilbanks:Hey JoelCongrats to y'all for getting out of debt...I'm sure that took a load off no matter what your reasons were.

Although he has many contacts of his own, I don't want to have to rely fully on him, and want to be able to "pull my own weight" and participate equally by bringing things to the table, making suggestions, and adding value when it comes time.

I'm looking to buy my first rental property to create passive income, and I have loads of questions! 

Granted each market will have different weighting to both cash flow and appreciation, but the deals you should be looking for should give you both. 

The only issue he ran into was noise complaints about people dropping weights in the gym.

If your intention is to add a second floor....it can be done but one of many tripping points is the foundation....if it was designed/engineered to support one story with live loads, it might not have enough strength to support the second floor. 

If this is truly your screening criterion, you may be missing out on good deals.This is why many investors do not put too much weight on cap rates much less use a "lowest cap rate" as a screening criterion.