I inherited an ira and had to set up an inherited ira, non spouse.

I consider it my part-time job and give it 20-30 hours per week.

I consider myself somewhere between novice and intermediate, and the program has helped me set and achieve concrete goals.The most priceless aspect of the program is the community.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Hey Jordan,There are a few pros and cons to consider for each option here.Keep the Current Property and Increase Cash FlowPros:Stable Income-Your current property is paid off and cash flowing $1,000 per month after expenses.

(we are past inspection & appraisal - just waiting on loan to close)- There wont be any photos of updated carpet, kitchen cabinets and countertops- I can't show the property in person considering I dont have the keys to proeprty yet- Would be gathering leads for people of who are intersted in hopes of getting it rented out faster If I post the property now, I could probably have a tenant lined up to move in August 1st.

I was originally just considering converting my IRA to Roth while it still makes sense with my income and current tax code before thinking about real estate. 

Fair housing laws require that certain forms of income MUST BE considered.

The last month's rent was considered undefined since there was no last month in the lease.

I would consider breaking even but will be hard to scale if you buy too many properties losing money