You would not have been reimbursed the full $5k.You would have recorded a loss on the new property policy, most likely raising future insurance costs. 

The site content is very well organized, useful, and user-friendly -- hats off to the content team!

Get the financial records from the owner and negotiate the NNN lease so that your monthly payment is equal to the current NOI.

Check the line for real property if there is an amount recorded there you know they have real estate.

That comes to about 4% of the loan amount after owners title insurance, lenders title insurance, vacant house policy (after 3 months your on your own), recording fees, doc fee, prep fees, etc.  

So All I would like to know is, what was going in the world when the podcasts was recorded!

After we buy it, we would contribute some equal amount to strengthen its balance and then leverage to buy units.I would also bring a local property management company on board to take over the PM business and operations; and use the company's income, credit and track record to get around my lack experience and credit.

If alarms are battery-powered, there must be documented records of periodic maintenance.

For example, providing the clerk and recorder's office a certified copy of the deceased birth certificate? 

CIREIA and INREIA both meet on the 2nd tuesday of the month and you should check out the meetup.com site for Real Estate Investing in Indianapolis organized by Taylor Jennings.