Two of our rentals have taken on water and our personal home might too.I was thinking about going over there as soon as the water recedes under slab and start shop vacuuming, ripping out baseboards/door trim and sheet rock and insulation, and setting up fans.

@Kevin Phu set up a separate bank account with a bank that has online banking.  

Hopefully it's large enough to build a sizable house while satisfying all of the set back and other City requirements.

Is the property set up for a psychiatrist or a dentist?

This is an issue for ANYONE dealing with a property for monetary gains over $500.Keep in mind that in the early 2000's Texas set the precedent in the Stachybotrys "black mold" liability/lawsuit push. 

By that I mean, is it hitting the goals that you have set for yourself within your niche/strategy (do you even know what those are yet?)?

I have one rental in Louisiana and when we got flooded... the rental lease is not in effect anymore as the house is not live able.... it's a pain if u don't have insurance.... if ur renters are good for it.... at least ask them to take out their stuff in the curb... a lot of renters just here just left.... and landlords has to do all the hauling away of their thrash too...On the gentle note.... pls be cautious when talking with renters... pls be kind and understandable that they too lost a lot of their possessions aside from the fact that they might not have a house to rent as housing demand will be very high....

But many Solo 401k clients are starting by setting up a brand new self-directed account from scratch because IRS rules allow large contributions (up to $60,000 per year per participant) into the Solo 401k plan which give them very good start.With small amount of funds you will have very limited investment options.

I just picked up three of your books and was wondering if you or anyone on this forum recommends a specific order I should read themThe three books are:The book on investing in real estate with no money downThe book on rental property investing Set for lifeI am 23 years old, live in Queens, NY and currently am working as a civil engineer on a construction site.

Taxes 7%Insurance 9%Xtra Flood Insurance 9%Vacancies 5%PM 10%CapEX 5%Repairs Tenant Damage 5%From total purchase price:Down Payment is set at 25%Closing cost is set at 1%Rehab Budget 1%Are my percentages on the conservative side?