I don't want to become a FT realtor for a few reasons (a) I'm not a 60-70+ hour work week type and (b) it becomes tougher from the traditional lending perspective when my wife already has her own business - I need to be the cheaper insurance provider on top of it.I'm curious about asset management jobs or other types of similar roles at REI firms where I can learn more in-depth about the industry - and I'd appreciate if anyone had advice about what firms would be worth connecting with and what jobs would make the most sense given my background.

what is the typical amount one needs to insure?

I have very low paid expenditures, currently the property tax is $1,100 annually, I pay 65$ in insurance and I am setting aside 7% in capital expenditures, best of all no mortgage.

They are minor but two title companies we have gone through so far will not insure title.

Yes, clean your credit, but also keep saving v Remember that your lender will want to see six months of PITI (principal, interests, taxes, and insurance) in your reserves in addition to your down payment.

Definitely use separate accounts, whether you have an LLC or not.Checking: receive rent, pay billsSavings: hold deposit and reserves for capex, maintenance, taxes, insurance, etc.When your checking account has more money than is necessary to pay bills, transfer the excess to the Savings account where you can build funds for a new investment.

I am running my numbers and have trouble estimating insurance since I am not sure do I need 3 separate insurance plans(HO6) or 1 to cover all?

This place is actually a homerun cash flow numbers wise.. after utilities, taxes, insurance, capex,etc..

It just creates extra paperwork.Your better option is to get good liability insurance and most importantly manage risk to avoid problems in the first place.

You can probably proceed per normal.