[/size]BTW - We've extended this fine rant in our blog

After meeting him, I believe he's got a good grip on the ins-and-outs of insurance.Also, Google "How to save 40 percent on Landlord Insurance" I compiled a list of tips on my blog.

Some people like you want a house paid for others like me could care less, My wife and I plan to rent in retirement while still holding our portfolio of properties (I think I should write a blog post about this) The short version is we plan to sign 6 month and year leases at various Caribbean islands and European cities, basically a life of travel, at a slow place, if we are liking a place we might stay a few years but in general we will mange our rentals via email and the like while traveling slowly around the world.

I had similar conversations with Eric and Jolene that I discuss here: https://www.biggerpockets.com/blogs/8160/70966-sho...As @Andrew Johnson is making a case for, if a small (assumed monthly) loss is projected big appreciation AND that fits your investing criteria, go for it.

BP also allows you to post blogs and even has it's own podcast in itunes.

I did write a blog post a while back that talks about how you as the investor can be prepared for your CPA.Additionally, don't limit yourself to a CPA who is local.

@Marcus JeffersonTo answer your question, I'll share a link to a killer blog post written by one of my favorite people here on Bigger Pockets, professional appraiser @Ryan Lundquist.http://sacramentoappraisalblog.com/2014/11/06/how-much-is-the-largest-home-in-the-neighborhood-worth/ Remember that here in California a large chunk of what you're paying for is the land, and so just because the property is twice the size doesn't mean that the property is worth twice as much.The smallest home in the neighborhood will often have the highest price per sq ft, and the largest home will often have the lowest price per sq ft. 

I started a blog where I am going to do just that.

and only when you understand this should you map it to a strategy that is in line with your unique skills and motivations3) You will need discipline and an execution plan - being your own boss is great but you also need to figure out how to be your own best employee4) Define a plan and set interim milestones - being an entrepreneur can be a lonely profession and success is not a straight line so plan for getting yourself some small wins and maintain a long term perspective to help get you past short term challenges.5) Understand what constraints leaving full time employment will eliminate e.g. more time to focus on real estate, and what constraints it will introduce e.g. less income and ability to get credit6) Understand that you will need a team to succeed so make sure that the people in your life on whom you depend on for support are fully behind youHere is an article that I wrote that might be of additional help - https://www.biggerpockets.com/member-blogs/11782/88425-want-success-here-are-ten-things-you-must-give-upGood luck, going on your own has got enormous upside potential but it is not pain free.

Take advantage of what Bigger Pockets has to offer such as: word alerts feature, awards, forums, blogs, ebooks, webinars, podcasts, informative people in many fields of real estate, colleagues, and more.