; don't carry E&O but want me to carry them on my insurance (which I see is standard - but I don't understand that).Could you help me out with an insurance question: do your PMs carry general/comprehensive liability - or just E&O?

Definately a comprehensive list here.Use a good applicationPersonally verify employers, previous LLRun credit & background check (they pay)Use your *BETTER JUDGEMENT*Don't be blind to the telltale signs of trouble tenants.

Also to tag along, will the Roth or Traditional IRA be more beneficial to accommodate my goal of REI? 

This tells me that the market is screaming for a mid level accommodation, and that's going to come from one of two places - either you are going to upgrade and fill it OR somebody is going to buy the dead motel and modify it to fill that void. 

However, I highly doubt that the applicant would be willing to cover all of these costs and deposits (along with increased rent to compensate for the accommodation).

I think you will find it at least interesting and I agree with Jay Hinrichs , sitting in a classroom is a waste of time (unless you have a hard time with reading comprehension which is clearly not the case).

A good source for a comprehensive Rental Lease in Minnesota is the Minnesota Multi Housing Association.

So if I was bidding this project: a ton of big tree removals, with stump grinding, and soil backfill, on a slope to accommodate space for a 3000sqft home, $25,000 would be more than enough.I've done tree removal projects like this before in Los Angeles, typically under $5000.I'm not convinced there's any way this could cost more than caisson work.

Whenever your tenant has successfully terminated their lease with no violations, you reward them with only a small increase in rent to accommodate annual cost of living for another term of 12 months.

As a board member of two HOAs, let me just say that you are way more likely to get traction and accommodation from the HOA if you go in friendly and helpful rather than with guns blazing.