Originally posted by Account Closed:I am an out of state investor, self-managing a rental in another state.

I have 500k policies for my units (required in order to have my umbrella policy), but I also have an umbrella policy equal to the value of my personal assets/ net worth so I'm protected in case 500k isnt enough. however slim of getting sued for over 500k, if they do and win, it will protect them from taking away your other assets like your house and bank account balances etc. get an umbrella policy in consultation with your agent.

I just closed mine with them yesterday and it's also a free immediate wire to any personal bank account you want. 

Is there certain classes (accounting, finance, etc...) that I could take that would help me?

One thing supporters of rent control here in Sacrament don’t seem to take into consideration is that rent control might not even work…https://www.mercurynews.com/2017/11/01/bad-news-for-tenants-bay-area-rents-are-still-rising-in-dozens-of-cites-across-the-region/https://sf.curbed.com/2017/11/3/16603900/rent-control-san-francisco-stanford-study-gentrificationQuote of the day: ““We find that six percent decrease in housing supply led to seven percent increase in rental prices.”

Good Luck Account Closed to see if he has any properties up there that would be a good owner financed deal.

I study the numbers every day as far as new listings and listings that go under contract and we aren't really gaining any inventory to speak of, and that means prices likely will keep creeping up..  

Account Closed No I am not yet in my option period yet as the seller hasn't signed my offer (which was accepting their counter from my original offer with a small caveat) but wanted to take a step back first before taking any further action.

The sell now price is substantially higher than the capital account value we would start out with but would allow us to get into multifamily. 

I opened a business checking account with my local credit union, but I don't think they're going to offer as many solutions to real estate and business lending in general as some of the other banks in the region can.So, I want to establish a relationship with another local bank now, to build on that for a while to help when I'm ready for more lending.