Insurance looks right, but the way to determine that is to have your insurance agent (in NH) get a loss run report and quote you ahead of time. 

As you can tell I have a lot of learning opportunities ahead of me.After getting my feet wet with this I am hoping to leverage the experience and invest in real estate full time when I retire in a few years.I look forward to hearing your thoughts.Mark

Like the others have said as long as cash flow is good and you are willing to hold in the LONG TERM in the event of a 20 or %30 market correction and you feel rents are a touch flexible then go ahead.

That is great, you are a little bit ahead of me so I'm hoping to at least be in your position this time next year.  

Visit your courthouse in the county.

(With that said, I believe you may be able to take care of your example 1 and 3 if everything is set up correctly ahead of time.)Make sure you speak to professionals (Real Estate Attorney, CPA, CFP, and those already using a QRP for the reasons you are looking into) that are in your area before you do anything like this.

I love it though Sue the Bastard   knew jerk reaction to a situation that just needs a little more negotiation's.I have personally stopped escrows in this exact situation money in everyone signed but not recorded or dispersed.. one call with my instructions to stop it is all it took... if the lawyer or closing attorney did not head that and went ahead and recorded then you have cause for action.but anyone who knows anything about the legal system knows court battles take years and a lot of money.. these guys will work it out...

Buy low and sell low.The guy dropped the price 20k and I got the email from MLS at 2am, was still awake, emailed my realtor to visit in the morning around 10am, and was already the 3rd offer....  

The only strategy I would advise is to not buy your own home ahead of your first income property.

So, I need advice and wisdoms regarding the other hard lending options out there... thx ahead of time BP members!!!