You can create separate folders and put the notes you have taken during the inspection/walkthrough.

As a local realtor, you can offer market insights while learning from experienced investors about strategies that work in the area.

I know there are limits on how much you can deduct for each year but my guess is that you would be fine with only one rental.

What you are trying to cover with the umbrella policy is the 'slip and falls', which can easily be a million dollars or more if you are found liable.

Best way to learn an area is to drive/walk around as much as you can.

Marry the House, Date the Rate - You can always refinance when rates hit rock bottom and lower your payments.

I sent you a DM if you have any interest in the Midwest/ MidSouth areas to explore some options so you can have an idea of what it may look like to execute your plan!

. - Sometimes we lose both tenants, but often we can keep the longer-term tenant calm until we get rid of the newer tenant.This is more difficult to do when you place a new tenant into a 10-unit building where all the other tenants have been there awhile. 

Having someone who can help you navigate certain pitfalls out there is invaluable.

Would be glad to connect and see if I can be of assistance!