I have been very fortunate with no problems with any of my properties.What I would do differently is what I am doing now which is learning how to source my own deals so the ROI is better. 

I know a lot of people don't like rust belt for a variety of reasons but I personally see no reason for a city like Pittsburgh to wither up and die, lots of schools, industry, sports teams, fortune 500, etc. that being said i'm sure it will ebb and flow. 

You don't want the cheapest when it comes to insurance fortunately you can get reviews on line these days.

Fortunately the act also defines what a "person" is under § 45-13-105 Chapter Definitions:(22) "Person" means an individual, sole proprietorship, corporation, limited liability company, partnership, trust, association or any other legal entity, however organized;Again, I'm not an attorney, but it appears to me that you can owner-finance five properties per year without a license, and you can do it with an LLC or any legal entity.

I grew up in Millvale and fortunately, on a hill, so we didn’t have to worry about flooding, but I have family members who lost a lot due to flooding.

Thank you Natalie and Michael,Yes, I do have that fortunate problem of a lot of net rental income after deductions and depreciation.Interesting.

I was fortunate to start buying my portfolio in the market trough - 2008.  

I am fortunate. 

I pretty much just based it off of the slow and steady population growth of each metro area, amount of Fortune 500 companies located there, barrier to entry, rent to price ratio and inventory of single AND multi families.

I purchased my residential property last year in Ohio and I was fortunate enough to secure a conventional loan at 2.99% for 30 years.