Hi Margarita-Great question.There are many mental blocks and friction points to buying your first property.First off, just buying property outside of a first or second home to use is not done by most people and buying your first home is a major purchase for most people.That means the people in our immediate sphere of influence are not thinking about buying investment property, they see it as risky and out of a sense of protecting you or themselves encourage you not to do it.I remember having the same mental blocks and fears you probably do thinking about buying your first property or first investment property.The most critical thing to overcoming these mental blocks is self education and surrounding yourself with the best team of people to help you.An investor friendly Realtor who can refer you to an investor friendly lender, title company or closing office, property inspector, property manager, and insurance agent.Real estate is relational and having the best team will keep you out of the weeds.To Your Success!

He carries a $2 million umbrella insurance policy, but the truth is that he has never been sued.My properties are in LLCs held under a trust.

Can you provide proof of renter's insurance policies for all current tenants?

@Nicholas Owens No, but my insurance company requires it be replaced immediately.

Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.

Will change with your purchase.4) Go find out cost of landlord insurance policy as seems VERY low.5) ALWAYS get your own inspection and have them camera the sewer line

@Becky Wong KaplanGet your attorney and insurance company y involvedThe renter should have renters insurance to cover this as well.

I really appreciate this info, I am familiar with the process but do you know how I can sell to those companies who buy the house?

We are hiring some contractors (roofing company, mason) that will cost more that $600 for repairs.

The car company is going to repossess the car if payments are not made.