Even when you're investing locally it can happen and the effect is magnified many times when investing out-of-area.

This eliminates the need to file a claim with your insurance company.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris scam and/or Morris Invest scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Your IRA is effectively pulling cash/equity from property A and using that to finance property B.  

Will that effect the type of loan i may get?

I own a large complex in Georgian Acres and my avg "effective" rents are $1240 and that's with 2 different studios in the floor plan mix.

We're able to eliminate $68K of payroll expenses off of the current operating expenses. 

I would greatly appreciate any and all referrals of like-minded professionals that have respectable, reliable and effective return time on results.

I usually see no more than 7 properties on one LLC, but if you want to eliminate as much risk as possible you can set up an LLC for each property. 

They were awesome and really came thru in a timely, cost-effective manner when I needed to lay cement without breaking the budget.