But just looking from a likelihood scenario, those are some rough numbers and is literally looking for a needle in a haystack.

There are some pretty rough neighbourhoods around here that I’d like to not waste time on looking at, just don’t know which ones are which just yet.

Roughly 50/month for each 100k insured.

That is my main regret in this business, and I would say my only significant regret.I rent out apartments in the C-D range in the nicest parts of rough urban neighborhoods.

I'm not interested in selling (so no response). 2 I'm really not interested in selling if they want to lowball me (I want market rates which means your cashflow will not be good (so no response)). 3 All the letters are written as if I'm a irresponsible owner and the property is in rough repair (granted it needs a paint job and that will be done soon). 4 If you're not programed into my phone as a contact you WILL go to voicemail (see 1 and 2 as to why there is no response).

Hey Ben,If I am understanding your question correctly, this would be a rough outline of the steps your attorney told you needed to be followed.

As for doing your own planning, I find it useful to work backwards from a rough goal of how many properties you need.

Even if those reserves were in a savings account, the presumed interest earned would be roughly .25% and more importantly the buying power of that capital has literally declined since the property was purchased. 

For the amount you raise: $1,000,000 loan amount would require a 25% -30% down payment, so for ease, let's call that a $350,000 down payment (roughly a $1.35mm purchase).

My budget is roughly less than 500K  (down up to 40%) and I can take one unit as primary.