Partnership: Collaborating with Archie Ragland provided valuable local insights and expertise.

Talk to a local realtor about value (I can refer if you need help).

With rent and mortgage costs doubling in recent years, affordability for locals has decreased significantly.

@Julio Arias PabonBanks are very difficult now to get a HELOC on investment propertyI would call around to local banks but most have completely got rid of that line of business

Additionally in the event of a default or bankruptcy, how comfortable are you hiring an attorney to represent you and the other stockholders in the bankruptcy process that can take years?

Leveraging Jamie's local market knowledge, we secured the property for $218,000.

Each carrier will evaluate the property and determine what the cost will be and that's why each carrier has a different premium for the property with generally 85-90% of the coverages being the same.If you feel the dwelling is low see if they have a guaranteed home replacement endorsement that can be added or 150-200% dwelling coverage to truly protect yourself in the event of a total loss.The market is going to be like this until 2025 most likely so the easiest thing to do is raise your deductible without sacrificing coverage.

He has a local REIA here, check him out.

My premise to you would be this:  You can learn almost everything you need to do real estate smart right here on these forums and it talking with other fellow investors (either here, or at your local real estate investment group), or in talking with a real estate focused fiduciary like a CPA.  

Meet with local investor friendly realtors?