High achievers always move the goal line out anyway; so, tying your happiness to the end result rather than daily action can result in unhappiness along the way.Regarding real estate investing, add value...it speeds up the wealth building process. in the For What ever its worth category.. to me real estate is life.. its a life style.. there is no retirement.. not sure why folks get so worried about retirement.. you get your stable of whatever kind of real estate you want  sFR multi commercial  Notes  short term lending .. fix and flip  value add  MHP  storage spec building etc etc.. and you nurse them along and work with them until you pass through the pearly gates.. why retire even if you retire with rentals your still involved in some manner.. if I looked at real estate that way I retired at 18 when I started selling the stuff it was and is not a JOB to me its a lifestyle..

Patrick, I am by no means an expert but my first thought would be to confirm with county property appraiser what the PIN (parcel identification numbers) is described as and if it can be changed or separatedAlso, the tittle company who will provide insurance may be able to weigh in too.Bank or credit union may help with valuation question.

I would focus attention on what the actual rent would be.I think your taxes and insurance are way low.

It is better to get Umbrella Insurance than getting an LLC initially. 

seperate accounts seperate check books...)Isn t just getting General liability insurance sufficient to cover your liabilities ?

Looking for a great insurance agency at a reasonable price for 11 total units.

Deal with local real estate brokers who has insurance covering property management.

Since you didn't mention, I'll remind that you have to be a licensed real estate broker to do it and have an insurance, which is more complicated than your regular E&O insurance.This is a tough business and if you're doing just your properties, like 10-15, I'd really first thought it through before starting managing others in big volumes.

It will not insure they will pay rent and you will likely be forced to evict rather than non renew a M2M lease.Keep in mind a term lease has no bearing on when tenants decide to move.

It is 1550 sqft, the mortgage is 810, taxes 330, insurance 55, no PMI.