I did real estate since the early '81, by accident and design, I wind up profiting more in appreciation than cash flow.In NYC, I picked up triplexes in the 80's for below $200K, down payments of 30% or better, managed to cash flow around $10K per property per year, and over 20 years, made $200K thereabouts for each.

Also, buy nest or some other thermostat that auto turns off AC when tenants aren't there.

Yes, both units are separate but on the same parcel.One of the agents showed one policy but it does mention it’s for both units.The second agent shows two policies, one per structure, and breaks down the approximate cost for each structure if they had to be rebuilt completely in case of a major accident. 

You may want to look for wording to indemnify clauses and keeping your business / or self safe for trips, falls, accidents on the property. https://my.mnbar.org/residenti...

Account Closed I was a Locomotive Engineer for 28 years and involved in a accident at work that resulted in several spinal fusions in both my neck and back.  

Your umbrella policy will add more coverage to not only your property but it can also add coverage to your primary residence, and auto policies. 

I have a credit card, a heloc, and soon to be auto loan to pay off my lease that expires in March. 

I was trying to get a home owners quote from my current auto insurance company, which I used for my home insurance when I had my home last year.The problem I'm having is, I sold my home last year and have been living back with my family.. so I no longer have a personal home with home owner insurance and the insurance company wont give me home owner insurance for a non owner occupied home. 

You can bet that besides payroll expenses, benefit expenses, auto expenses, etc., they've built in a markup to make it a profit center.2) They hire contractors and get invoices from those contractors, but either bill owners on their letterhead or that of a wholely owned subsidiary and charge a markup that owners don't see.With the amount of time it takes to properly manage the maintenance process, there's no way a PMC can NOT charge a markup and provide acceptable service.

Regardless of the type of business...driveshare, handmade jewelry, auto repairs, food truck, whatever...you must also determine the cost of them operating that business, PLUS the cost of normal living expenses.