This is not directly related to REI, but like I, many may have an umbrella policy simply because of rentals:There was that change in the law a couple of years back regarding uninsured and underinsured motorist coverage related to umbrella policies.My insurance company handled it this way:They automatically added the coverage to my policy and added an opt-out form I can send in.

(I dont know if there are some **evil** banks that would disqualify someone simply because they make minimum wages.

i dont want any unexpected paper work or LAWS to pop up and affect my deal due to lack of guidence..

I really want to pick up a second investment, but I lack the down payment, and everything I have read ever suggests never paying down more than 10%.

But you will have to do this in your personal name (conventional loans only for individuals), and will need to be able to carry the PITI of the new property in your debt ratio without receiving any credit for the rental income (due to lack of 2 years of experience, as I was mentioning.).

Is the rest of this money simply gone?

My advice would be to simply walk into your local bank and ask about obtaining a home mortgage.

I simply go by % of the ARV and the actual cost to buy nailed down as the HUD-1 will show.

Those with limited resources are usually lacking in the ability to pay for repairs, so you have deferred maintenance, not just with the home but perhaps with everything, like cars, so you may also get junkers in the driveway.

Its not wireless but by simply having it plugged into the network, achieves the same.