Paul:We've never had any problems obtaining insurance coverage on any portion of our portfolio - save perhaps when we acquire a vacant building ;-)

They sent an overview of each property but what would be my first and second step into evaluating this information, then obtaining more info about each property.

Account ClosedSounds like you should obtain an agent or an attorney. 

You can look into finding off market homes in foreclosure via marketing / notice of default lists or obtain an agent to look for on market property's on the MLS.

It is also stipulated if it is not purchased, the total of monies paid were rent only and they had to obtain outside financing, unless I was going to finance it myself.  

Some of my goals are to obtain 2 more rentals this year, I would like to do another flip to get some extra cash for future rentals Not interested in wholesaleing, my mom is a broker, she finds me the deals!

So, I could still see my business as a whole on the master spreadsheet, but then could input individual monthly expenses, and define what they were (better categorizing them) on the individual spreadsheets.This works out GREAT at tax time because each property is calculated on a Schedule E, so you just pull out the individual spreadsheet, but then when it comes time to obtain financing, you can start with the master spreadsheet, which is what Lenders often want to see (a P&L of the total operation).I think it is okay to track your principal paydown, but have that be separated of to the side of each individual spreadsheet as it really has no bearing on your expenses for taxes. 

This method of financing allows you to both make a more attractive all-cash offer to home sellers (giving them the confidence that a transaction will close), and put money right back in your pocket.Delayed financing allows you to use a cash-out refinance to obtain a mortgage and enjoy the flexibility of making long-term payments over a period of time, so you can avoid tying up all your savings in the home.Cash buyers can see benefits immediately.

I am open to calculated risk and my be able to obtain a bit more money.

Thought about a HELOC but I am unsure if I would be able to obtain it and/or if it would generate what I need to cover down payment.