No wonder why he's disgraced.

The cash that is going to get invested in residential RE is already employed by buying properties with limited to no leverage.

I've been encouraging my daughter to do this and was hoping to hear no problems with it.

Currently, I have an LLC but no insurance. 

My employer had no locations actually in Detroit, but hundreds of my employees came from there.

Here’s a quick breakdown of your options:Option 1: Sell and Buy Cheaper House with CashPros: No mortgage, no interest payments.Cons: Older homes, more repairs, possibly worse neighborhoods.Option 2:Use Proceeds as Down Payment on Better HousePros: Newer, fewer repairs, better neighborhoods.Cons: High mortgage interest rates, higher monthly payments.Option 3: Refinance and Rent Out Mobile HomePros: Rental income, keep property, can still buy another home.Cons:Landlord responsibilities, high refinance interest rates, market fluctuations.Consider market trends, rental demand, and your financial goals.

It's no guarantee but it's a good place to start.

Norada would be my first call if I was investing out of state.  

I'd suggest looking for one with low-no fees as you're getting started out.

This amount is expected to be paid 1/2 upon Lease Execution and 1/2 upon Tenant opening for business so generally speaking, the entire expense would be incurred within the first 12 months of the Lease term and is not something that is paid out over time as the tenant pays rent.While this is by no means intended to be an exhaustive list of all things Triple Net, I hope it helps someone looking to get into the space for the first time and maybe save one of you from making a terrible mistake.