What percentage of a ARV - repair costs would just be considered a steal? I know for flips you try to go for 70 % arv - repairs. But what is the best scenario to quickly flip the property to another investor? 60? 50? ...

Or perhaps in Delaware (would it give me any tax/business advantage) ?

This one has the added advantages (not) of needing HVAC and ductwork, as well as new windows. 

Obviously each position requires different skills and have different advantages i.e. compensation. 

Are there any advantages of umbrella policy over the liability insurance? 

The obvious advantage would be to avoid being taxed on earned income which you would otherwise be 1099'd for at the end of the year as an agent.

I would suggest working with a tax professional so that you take advantage of deducting all the applicable expenses.

I would be open to other markets like Jacksonville, FL and Columbus, OH also.One advantage i do see with single families and duplexes, tris and quands is that they are more liquid.

The guest house was actually a 5 car garage that he converted into a house.Anyway, yes, I think my wife wants to stay but I know if we had an offer she would at least weigh out the options.The true capitalist in me would take advantage of the opportunity, reinvest the 500K and buy another 400K house with 5% down.

I haven't come across renting to a non cooperative lawyer who uses the landlord/tenant law to their advantage.