Some insurance companies have told me they don't insure LNC buildings cause 'replacement' wouldn't be a straightforward process, as there's usually no detailed record of such grandfathered buildings' layouts in the records to permit re-building following a fire, flood, quake, etc.Others have said at least in while securing quotes, it's a non-issue.Surely they both can't be correct!?

In addition, residential RE is not passive even with the use of a PM.  

  - Sales Price $720,000- Down Pay: 15%  $108,000 (higher down payment reduces your risk)- Balance owed: $612,000- Int Rate:  6.75% (nice spread on your cost of money at 2.5% - Arbitrage)- P/I payment:  $3,969.42- make the buyer pay T/I in their escrow payment thus increasing payment- Hold period - 5 years- Additional Interest earned = $203,884 (No Longer a Loss)- No Rental Management needed- No repair costs- You can still deduct the interest on the underlying loan as an expense - ask your CPA- Monthly income without the hassle ($400-500 each month, more if there's T/I escrow)I'm in NM and do these all the time. 

We're stretched thin enough on this deal that I'm not considering putting additional down. 

They aren't that expensive.An umbrella policy does more than provide you additional liability coverage for your rent properties.  

The access would be from outside of the building, so at least we don't need to plan with interior damage.This seems hefty to us, but we can't find any additional plumbers in our area who provide this service.

All of these get forwarded to me through the system along with any additional information such as address and tenants name.This way the tenant feels that they have a personal way to contact me and I am able to keep everything neat and organized.

I am sure there are good RE agents who are not also investors, but I want someone who understands what it's like to own property in addition to buying and selling it.

Additionally, laws can change, so check with local authorities for the most up-to-date information.

Edit what details you don't need.