Its exhausting…..6.

@Paul Papamarkos  When you do a cash out refinance and there is currently no loan on the property, you do not have to contribute any funds other than an appraisal fee. 

My Vision An Independent RE Back Office Support Company that offers:~Quickbooks and Sage Bookkeeping/Set up~Property Analytics & Research~Property Management Support (Until I'm a realtor I'm limited to what I an do)The Tag line on my website says " When a Virtual Assistant just isn't enough"*eventually I will hire employees*My DilemmaI Want to Be More Than an Overseas VA. 

Due to the distance from your primary residence, this could be a second or vacation home rather than an investment.

Also take into consideration the type of property and compare: apt to apt, duplex to duplex, house to house (houses will get more rent than an apt).In our county, rental rates can vary so much depending on which street you are on, condition of the property, and amenities or utilities included in the rent.

Or use land trusts.Umbrella insurance will kick in once the regular policy coverage is exhausted.

Much stronger than an FHA , first time buyer.

It is easier and I feel that I am protected better with insurance than an LLC.  

It is technically YOUR money, so banks are willing to accept that as a down payment more than an unsecured loan from another bank.

This is very much an "at your own risk" situation.Also, I might add that a strong umbrella liability insurance policy will go a lot farther in protecting you than an LLC.