You will not be able to go down and handle problems that arise, so you need to have systems in place to handle those issues.

The only reason to have one free and clear is to enjoy the feeling of not losing a home if problems arise, imo. have always had a home F&C to move into if needed.

Florida is very popular for notes right now.

This should cover you for the most part from future issues arising.

They are going to try to be more competitive because they are bidding on 10 not 1 .2. they will be more assertive if an issues arise if they believe they may lose 10 properties vs 1.

Flat fee listing services are becoming very popular from what I've seen.

Carlos and All:After the initial shock has worn off, I am seeing small possibilites arise and hopefully this is not as bad of a situation as I first felt.

Rental properties come with renters, hopefully and if not then the property management company of your choice.Renters will vex you, and you have to monitor the activities of your agents as well, rental income in a popular area with a thriving economy is a great return and great for the bottom line.Empty rental units in Detroit, not so much.

I realize this may not be politically popular with the poor, unfortunate people that live in the best nation in the world.

If a situation arises with your property and a lawsuit is filed against you, the property and ALL of your personal assets would be at risk.