And as for the politicians we know most of them are self serving idiots.

Also the borrowers are quit claiming so maybe that doesn't trigger the DOS with the servier or re-assessment with county assessor.

You can self insure for property damage or loss, but you need liability insurance, as your risk could be virtually unlimited.

@James Wise made a good point.. you need a full time job to get financing if that is one of your tools you will be using to purchase rental properties.There are lots of people here on BP that can help you without you spending $$$$ on classes from the self-claimed gurus.

He had too much on his plate.The house I bought was assessed at 140K, he picked it up for 75K, sold it to me for 85K on a Land Contract @ 6% with a balloon at 6 months, and NO money down out of my pocket.

Really, I think in the future I would like a real estate empire that runs its self.

You should get more acclimated to the process and see what the financials look like once something breaks.Also consider that if you are self managing your best case is that you just signed up for a job paying $500/month.

He only owes 12,800 Tax assessment says 48,900 He's leaving a lot of equity on the table.

Hopefully the condo association has a good reserve so that if there are major repairs needed, they will not have to issue a huge special assessment on each unit to recover the cost.

It must be self directed roth but it works.