So, what are your thoughts on diving into REI with existing debt? 

I just decided that this is what I was going to do and when they handed me the keys there really was no other way to go but to dive right in and figure it out. 

Utilize BP by reading as many blogs as possible and also diving into the forums!

I'll definitely keep this in mind before diving into the first deal.

I'm new to BP, just recently deciding to take the dive into REI.

I’ve seen several people make that statement before without going too deep into the costs, and then others countering with something like, “one deal will cover your costs.” 

First dive in to real estate and lived in the home while repairing and increasing the value.

Should I just dive in?

But in my case, I had an endorsement in my corporate liability coverage that covers me personally, which he didn't have.I had S Corps, C Corps as well as LLC's, and if people dig deep enough, they'll get into issue of co-mingling, not holding annual meeting etc., which is why I rely more on insurance.

Due to the unexpected passing of my brother this year and a mother with dementia, the management of the family investment properties is now suddenly in my hands. There is no one else. I have some knowledge of basics i...