Hi All,I recently lost my home in a fire and was able to sell and profit about $90k from everything with insurance money.

The problem with keeping the condo in my opinion is that you are losing money every month even with a perfect tenant so any vacancy periods or a tenant whom does not pay and take months to evict would be detrimental to you and is a huge risk.Also if you have not done so already I would get term insurance on yourself because your wife would not be able to afford your home if you were to die tomorrow.

When you started investing in real estate what did you do when you decided to quit your day job regarding health insurance, life, vision and dental? 

That's okay if you need someone to manage for you, but if the facility takes cash I would switch it to credit card and auto-draft only (maybe checks too).

Just electronic pay and auto withdrawal?  

You'll get rid of the mortgage insurance.  

Now currently FHA mortgage insurance is MANDATORY. 

I've upped my umbrella insurance as well.I live in Washington State. 

What about insurance costs-where do they fall?

Become additionally insured on their general liability insurance policy, and for extreme measure, ask to get a performace bond in the beginning.