For me, it added an extra level of security/ protection above the regular homeowners policy (injury, property damage etc). 

I've considered investing in the upper midwest, but as I researched it, there are a few things that give me pause.

If a sponsor is only showing gross or project level returns, I will immediately hit delete.  

If you get a complete fixer upper in bad condition, then the banks won’t loan on it and you will have to go with a hard money or portfolio loan.

Additionally, have to work around the concrete slab/driveway.New plan is to just finish converting the garage and instead of building out, raising the roof enough to get a second level.

The interior is going to be renovated in the upper ans basement will habe two rooms and a washroom (id be adding the kitchen) We have spoken to realtors in the london area and 3 have confirmed the home will likely sell for 600k as some homes on the same street sold in the past month.

Purchase price: $275,000 Cash invested: $10,000 This is our first investment property and is a fixer upper.

Purchase price: $275,000 Cash invested: $10,000 This is our first investment property and is a fixer upper.

Purchase price: $275,000 Cash invested: $10,000 This is our first investment property and is a fixer upper.

Can't talk myself into giving up the free money the employer is putting in for the 401k match, so I continue to contribute to mine at the level that gets the maximum employer contribution.