@Cynthia JohnsonHome Warranty Companies are generally an easy and safe alternative.

With the INS. on my main home in New York I have coverage on my rental house in New Jersey for about $100 extra and it covers four or five different occurrences. other then that I have no insurance on my jersey property I own it outright so it's not required it survived Sandy so I have no flood insurance and I'm not worried about theft cuz it has no value of anything inside plus it's a very safe neighborhood and with the normal 2 the $5,000 deductible who cares if they steal something don't have the policy in front of me but you should be talking to a couple of different agents about that

You just have to make sure your investment is safe, secure, in 1st position, with loads of equity in the deal, and the borrower is a well-seasoned entity / person that can deliver on the promised return/strategy!

Stay safe. 

I think your plan makes sense and is a safe way to build long term wealth.

The current demands for homes in this area drives the price up, but that being said, the employment draws, and strong schools are good leading indicators that investors in this area are making a safe long term investment.

Yes I think this area is safe ....

Purchase price: $30,000 Cash invested: $80,000 Single Family Home in safe area.

Depends on the local landlord laws, but MO for example it'd be hard for them to win a that suit against you.Basically for the mold it's pretty unclear what's a safe level etc, you took action and resolved the issue so it should be fine.

Even though we're off the gold standard, look what happens to precious metals (a safe harbor) during excessive inflation... their stored value goes through the roof.