A quick Google search pulled this up:"Typical homeowner's insurance policies will allow you to have a two to three roommates or boarders without additional coverage."

Here's a bit more info about my projection models, why they're so important, and why net worth (on its own) can be a completely misleading indicator of an investor's success:Some of the main variables in my projection models include: expenses (broken down into various categories like personal expenses, capex, debt service, vacancy, etc.), income, cashflow, debt, DTI, equity, property appreciation, rent appreciation, mortgage paydown & amortization, rate of net worth growth, cost of living increases, hours worked per week, cash on hand, etc, etc.I have short term (12-24 month), 5 year, 10 year, and 15 year projection models...sometimes I'll mess around with longer term (20+ years) projection models, but it's pretty difficult to project that far into the future, because there are so many unknown factors--so, the longer the projection model is, the less I tend to believe in its feasibility...My projection models allow me to make more informed decisions about things like: whether to buy or sell a particular property, whether to refi a property, whether to rehab a property, whether to pursue or abandon a particular revenue stream, how to approach rent increases, how to manage risks, what debt to pay down first, whether a particular goal is worth the amount of hours I'll need to work to achieve the goal, what my goals should be, how to achieve various goals as efficiently as possible, etc., etc. 

Debt of 8% - 10% IRR is good enough if rate is to be permanent 4-5 in future.

Their wisdom and insights can save you from costly mistakes and help you make informed decisions.In addition to mentorship, networking with other investors is equally important.

Firstly, I receive mixed opinions on whether or not getting additional credit cards going will help/hurt my credit, so I'd love any feedback with that.

I explain that at the end of the day, we would wind up owning our current house in addition to the ones we are buying - more wealth/equity - but he doesn’t see it that way.

The main purpose of getting into investing is to pay off existing debt and to supplement our retirement with passive income from rental properties.We are excited to be here!

Ensure the potential returns from the project can offset these additional costs and you'll do fine. 

In the 3- Star property segment, price declines were less pronounced, falling about 15% from the peak where deals once traded for approximately $210,000 per door.In addition to asset quality, investors adapted their approaches to stay ahead of rent growth, leading to noticeable shifts in sales volume rankings.

The first bid you might see is an opening/starting bid that is equal to total debt.