So if I start with a duplex or a quad as my first property my goal would be to have a net cash flow of $500I intend to use the "BRRRR" (Buy, Rehab, Rent, Refinance, Repeat) method but have never used this strategy before so I still have a lot to learnIf I only close on two deals starting in 2019 then I will need to find another 20 deals in the remaining four years (2020-2024) that also meet this criteriaBeyond 2024 I plan to continue to scale even more over the next 3-5 years with an end goal of financial independence by ~2030 (meaning that I will not work a "day job" but will passively manage my real estate portfolio)Biggest hurdle: I'm going to be living outside of the US for the next 3 years and will (likely) not be able to physically see any properties that I plan to purchase.

I got out of the Marines in 2013 and spent years stuck in the rat race and I am also taking the leap into the path toward financial freedom. 

1) The financial institute one has their primary mortgage with?

It has been one of the better decisions we have made financially.

I am defiantly trying to sock in as much information as possible and learn as much as I can both from the content on the website and most from people that achieved their financial goal.

If you are planning on making a living or becoming financially independent, it will come much faster owning the homes.

I currently own one unit in Florida and used to be a mortgage broker before I moved to California to work in the entertainment business..For the last decade I've given myself various financial "challenges" to help keep me focused.

All the financial doc's were provided and the numbers simply did not work..

Cut your losses, and learn from this experience.

Having the renters policy name you as an Additional Insured would push your initial loss onto their limit but should their coverage be exhausted, you could still be facing a loss.