And it sounds like a good deal based on the 1% rule, that for every 10k in purchase price, you get 1% or 1 dollar in rent in return.

Your value based on a 16x GRM at $1200 a month in California is $230,040. 

Close to a military base.

Just want to make sure all your bases are covered! 

During the refi step, the bank will appraise the newly renovated home based on its new value.

Couple ways to size an umbrella policy, 1 is to analyze your assets and do it based off that, but I have always preferred to do it based on what is an amount that guarantees my insurance company would want to defend me. 1 million to start is pretty popular.

The money you make is tax-free if it's your primary 2 out of the last 5 years (if you rent it for a while, I believe there are some taxes, but it's prorated on time based on what I remember - not tax advice).

I have a rental property where:1) The neighbor has a fence that is aligned with a telephone pole which may be the property marker. Long before he or I owned our houses at this location, the neighbor/owner at the time ...

I currently work in the property management field under an agency based out of Coralville, Iowa.

If you take a look at my previous post, I am brand new to real estate investing, although I have had a great career in both the creative and technology industries in NYC.I'm currently looking to purchase a single or multi family unit as a long term rental, and am exploring 4 markets - DFW being one of them.After a healthy amount of research, I am ready to dive more into the area, and would love to first connect with realtors who have a lay of the land (no pun intended), or anyone else who has a few minutes to shed some advice on what you're seeing in the area.Looking forward to connecting.Dylan you can still buy lots for sub 100k and we can put 3-4 units stacked on a .1 acre parcel with density of around 30-40 dwelling units through what's called a council use variance. takes a bit longer than buying but we build with 20% equity typically and target lots based on that price range.