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.

@Jeffrey Stocker I don't think the location of the CPA matters provided that they have a solid background in Real Estate and software/tools to support you remotely.There are 20+ real estate CPAs commenting in this forum.

Just want to make sure all your bases are covered! 

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.

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

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.