The small buildings around 6-12 units are relatively easy to get into and can actually be a great way to build some wealth until you are able to get into the larger stuff.

And when mixed with the power of compounding, real wealth can be generated from a relatively modest investment.The real return on real estate is not always easy to see, which is perhaps why investors do not pursue it as actively as investments in equities or fixed-income instruments.

The Related Companies, a property management company in Worcester were recently ordered to pay $75,000 in damages for exactly this kind of violation.The bottom line is this - treat every single individual the same.

Charging below market rent can allow the IRS to disallow deductions related to the rental portion.2) You should be able to expense/capitalize costs associated to indirect items to the whole house.

In the past, tenants have cited children and elderly parents as reasons for begging off citing fears of health related issues.

THere are 60,000 members who post about things relating to our town and events, etc. 

I'm only nearly 5 mos in on my venture but we need to carry the following for our residential care (assisted living)  licensed for 41 beds - but we can hold 36 beds in our current configurationGeneral Liability (We buy through an independent broker - basically covers medical malpractice, any slip/falls etc)Workers CompAnd even though you arent interested - Non owned auto insurance in case staff use their own vehicles to run an errand etc, building insurance for wind/hail etc inc general property liabilityAll of this runs around $33k to 36k a year for us - thats before health insurance for us etc - Work Comp is the most expensive part of that mix.Your best bet is likely not to find the coverage by calling yourself - you'll just waste your time - find a broker that can sell you this insurance - as far as limits - some of the limits are state mandated and will be in the regulations. 

, purchase prices are relatively low, and there is a huge demand for rental properties. 

If not, you need to advocate for having them increase their reimbursement before you sign any releases related to the claim or accept any payment.

@Arthur  I've got one rental in Rockford (east side, the relator I bought it through has ten rentals in Rockford and says that she focuses on homes east of Alpine, so that's what we did), and one in Machesney Park.