I would at least recommend you have them shop a policy for you.One thing we did note is that with hail damage to roofs, they seem to be decreasing coverage/increasing deductibles on that if ever needed.

Best Sellers to TargetThis will make deals more difficult to come by however, since many sellers may opt to wait until interest rates decrease and cap rates follow suit in the coming years to get a higher price on their properties if they are not being forced to sell at this time.

The cost per sf skyrockets as house size decreases. 

Better to concentrate on decreasing expenses and saving for now. 

Surprisingly, these homes that once sold for $7,000 are now selling for close to $1,000,000 and it doesn't seem as though the rate of appreciations is decreasing anytime soon. 

Should we refinance now if rates decrease even just slightly so we pay a lower monthly while we see through these repairs, then once repairs are complete have home reappraised and take out this equity to buy next property where we would live while renting out our current home?

This is largely due to the fixed nature of ongoing maintenance costs, which become proportionally more impactful as the park size decreases, thereby inflating the expense ratio.

On paper the cheap houses look great, but the reality is they are harder to manage, have higher turn over and cost a lot more time and money.Buying before you retire is a good idea because once you retire, your ability to borrow money is going to decrease as you don't have a regular income from a job.As you want to fix houses up, why not buy a house that needs a bit of work, live in it while doing the renos and then move when you sell it. 

The interest is so much in the beginning, because the balance is so high, the interest decreases because the balance decreases.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.