On top of that you may explore umbrella policy, which comes in increments of $1MM, and then you might want to utilize an LLC.

You can't take a "tax loss" in perpetuity or when you have outsized cash flow gains - you need to pay the piper at some point, especially if you are still a W2 earner with a relatively high incremental tax rate.

You wouldn't want to buy into an area that is declining rapidly where the tenant quality is decreasing along with the area.Bureau of Labor Statistics: Current Employment Statistics (CES)The Current Employment Statistics (CES) program produces detailed industry estimates of employment, hours, and earnings of workers on payrolls every month.

Suppose you read Set for Life, agree with me, and decide that it is actually quite feasible to save more than 50% of your take-home pay starting out, house-hack, take direct responsibility for all of your financial and investment decisions, and otherwise rapidly accumulate a lifetime of wealth in less than a decade.

In Davenport and Cedar Rapids they have instituted new landlord programs that require "every" landlord to register, pay for and take a class, pay a fee, etc. even if you just have one rental that you rent to a family member. 

For people who enjoy the year-round outdoor life, Michigan is THE state.As for the real estate side, Grand Rapids has done very well over the last several years, as have the suburbs of Detroit and Lansing. 

They are developing rapidly into wealthy residential hubs. 

South Bend has staying power and is growing rapidly.  

There also seems to be a certain size where management becomes exponential instead of incremental. 

I would see how much of your closing costs they are willing to cover and if they are able to offer any additional rate buydowns.Hutto is growing rapidly and doesn't show signs of slowing down.