A property manager has told me I can get 8-12k a month for my in law apartment so that sounds pretty good to me and I can build funds.

Pros:- Everything is all in one place- Easier to manage, less hassle (likely)- More predictable - Easier paperwork Cons: - Less liquid (have to sell all or none) - All eggs in one basket Just off the cuff, those are my initial thoughts. 

Work with local real estate agents and managers for valuable insights and support.Good luck!

Can you just replace the roof yourself, then apply for insurance with any different company and not mention the roof just like you wouldn't call out any other component of the property?

It does affect the bank's risk management processes.In the event they do require the loan to be paid off entirely, they issue a demand letter that gives you 30 days before they begin a foreclosure.

Hi BP Friends,Does anyone have any recommendations for short term rental property management in Mariposa, California?

Welcome Brandon - I have properties here in the wyoming valley.I am a native to the area.Scranton has many hoops to jump as an investor - esp. an out of the area investor.One is you'd have to hire a property manager if you do not live in the city of Scranton or within 20 miles of the city.Real estate taxes are high -that plus the current interest rate and ask prices makes cash flow an issue.You can find "deals" but please do your due diligence.Here is an example of a potential deal I am evaluating in the hill section of the city: 20 y/o, 2000 sq ft. 3b/3bath TH - Needs paint, new carpeting, and general wear and tear repairs after a 4 year tenant.

You can also partner with someone with money to purchase a house, manage for someone, etc. 

My goal is to build a passive income portfolio, build equity and appreciation in properties, build a strong management system, and continue investing for financial freedom.

I am no where near a credited investor yet, but I understand the in's and out's of property management, business deals, transactions, and core understanding of how to find the right deals.