They were talking about self insurance and about how you can basically setup your own insurance company.

Pension funds, insurance companies?

If I add in rent income, it would not be enough (because rent income is about $300 and mortgage is about $500 per month (with tax and insurance)), it would increase debt to income ratio). 

I tried to adjust the following year to my W-2 income...they look at gross wages on your W-2, not net (net of 401(k), net of before tax health insurance, etc.) which is what your 1040 adjusted gross income is based on it. 

You'll probably throw in your attorneys fees, survey, title insurance, transfer taxes, recording fees, etc.. 

Closing one property is just as stressfull as closing 20.Just run all of the numbers and get copies of leases, past 3 months expenses, taxes and insurance cost and you should know if the deal is right for you.Good luck, and all upvotes are appreciated!

Have toured a handful of them and either the numbers don't work, bad foundation, located in the 100 yr flood plane and require flood insurance destroying cash flow etc etc. 

Discuss, death, divorce, buyouts, life insurance on each other, etc.

On the PCR it says plumbing is damaged and sites a missing component the house will be insured escrow of 600.

That being said you can get a cut on your insurance every year with metal.