I like the area and the tenants have been there for four years because her kids love the school they attend.

You'll hear different schools of thought on this, but I only purchased an umbrella policy when first starting out, skipping the LLC.

Just as a general rule for our area, where jobs are being created, highways/roads, new schools, rail intermodal, and housing starts are happening is a good place to invest around.  

@Yoselin Pearce I'd encourage you to look into school zones, and target high performing school zones!

I'm considering a good school district and accessibility to amenities as my primary parameters.

Two schools of thought on diversification ... the alternate to what you describe being what I call the "Mark Twain" portfolio after the author of the quote "Put all your eggs in one basket, and then watch that basket very closely."

The nearby naval base has brought in some more squadrons and the school district just passed a $60m bond for a new high school.

Is it the same as doing classes in school.

Drive around, talk to agents, join a REIA, talk to people in the neighborhood, research prices, tax history, school districts, you name it.

Safe town, Pendleton school system which is great.Easy access to Indianapolis via Pendleton Pike.