In addition, It helps to at least build a team of lenders, attorneys, and other advisors prior to launch.

Currently fully leased at $530 per month (on high side of average for my area) and near a newly completed and desirable grade school which feeds into the "better" middle school.

Vacant building coverage (replacement cost) to cover damage to building, replacement of property, rehab costs, debris removal, theft of newly installed fixtures/appliances3.

I just learned that the house has been newly renovated in the last 5-10 years and needs very little work.

I live in a 3 bedroom house, full basement, 2 car large garage with automatic doors, very large newly fenced in yard in a great neighborhood- I pay $600.00 .

@Tim FitzGerald   no competition with me I have not bought court house steps since I launched my HML company mid 2000's... all missed spelling and grammar is intentional  :)  but glad you got the Gist of it..

Funny about renting to the insurnace co - if a couple had just had their house burn down, I'm not sure I would have liked them staying in my newly rehabbed property :)All the best for deals 7 through 700!

However, there are a few questions that are weighing on my newly-born real estate mind that I hope I can get some thoughts from the community. 

My real goals don't lie in real estate, to me real estate is a launching pad to propel myself forward to becoming the person I want to be.

I guess I can go into that a bit...the carpet hasn't been changed in 7 years or so it's something that needs to be replaced for sure. 50 year roof was just newly done and the home inspector said the installers did a good job.