At the new music school, it was a much bigger undertaking.

Since you have a laptop and have joined Bigger Pockets it's now you, your laptop and about 900,000 of your new best friends.

Whereas with a car- you could sell the car and STILL have debt.You could always do a mix of both- pay a HUGE down payment to have a bigger buffer between the home value and the mortgage + have a lower monthly payment.Regardless- even though it may be preventing you from buying RE at THIS MOMENT- you are doing a great job financially being completely out of consumer debt!

Not an attorney or accountant, but based on what I know, save the paperwork and just get an umbrella insurance policy to protect your liability.  

[After all, this site is about "bigger pockets", not "smaller pockets"].ie.

First, you can't take advantage of the economies of scale like you can in a bigger facility....meaning that as you expand, your revenue will increase faster than your expenses which will have a positive effect on profit. 

Hey all,Long time reader/listener - first time poster… I figured it was time to step out of the shadows and become an active member on the Bigger Pockets forums.

@Ryan Randels there are several posted here on Bigger Pockets as well as on Meetup.com.

I've upped my umbrella insurance as well.I live in Washington State. 

We prefer to make the investment relatively close i.e. 2-3 hours flight max.We want to start small as this would be our first but start at a location where we can then buy more and bigger investments (like an apartment complex) once we have a local team and understand the micro-markets and details. have been considering buying something from roofstock.com to begin with.