It's my understanding that in order to have an HSA you have to have a high deductible ins. policy in place as well allowing you to use the HSA to cover out of pocket expenses.

I was thinking - is financial independence acheived when you have enough property to produce rent that will cover all of your monthly expenses, and then have some to put aside in case something happens.

In reality, you'll need to invest $12-13K to cover to closing costs.

.`(11) PRIMARY RESIDENCE- The mortgagor shall provide documentation satisfactory in the determination of the Secretary to prove that the residence covered by the mortgage to be insured under this section is occupied by the mortgagor as the primary residence of the mortgagor, and that such residence is the only residence in which the mortgagor has any present ownership interest.

Half that for a minor componet. 5k to cosmetics (carpet, floor, paint, fixtures & covers, minor landscaping) So a cosmetic fixer that needs a bathroom would be 5k to spruce up and 5k for the bathroom.

To protect myself I require a $3000 - $4000 down payment in case of default to cover expenses till I sell againThis money is not spent on anything and is placed in a high interest money market account only spent in case of emergency for that property. .I keep taxes and insurance current and add that money to their monthly payment.

Will an umbrella policy adequately cover me if not?

Would it make financial sense to spend $2,000 to cover the home moving costs of a potential resident?

Wells Fargo just informed me that I need to have a commercial loan to do this and that they would call for full payment if they found out I moved it.Clearly, this is my mistake for not adequately researching this and ensuring my bases were covered.

I listen t o podcasts all the time that cover current events and different systems that people are using to makemoney now. look on itunes or whatever site you live and look up real estate podcasts as there are some really good ones!