Then insurance is an additional hedge for against total loss.Reducing risk in how well you operate, ensuring safe grounds & premises is important, then as well as reducing the amount of inside & outside liability you generate can help avoid instances of needing to submit claims.

For example:GENERAL MAINTENANCE SAFETY AND TENANT OBLIGATIONS ADDENDUMThis Addendum is incorporated into and made part of the Lease Agreement between Landlord and Tenant for the Premises.

It’s about clarity and preparation.Clarity in conversations with sellers: Knowing how to ask the right questions and listen carefully makes sellers feel understood and builds trust.Clarity in analyzing deals: Understanding property values, repairs, and potential profit margins prevents hesitation and second-guessing.Clarity in offers and negotiations: When you know your numbers and your limits, you can make confident offers and handle objections without freezing up.Even experienced investors stumble here.

From what I understood, the rental income tax is calculated by using the following method: Taxable Income = Gross Rental Income - {Operating Expenses + Mortgage Interest + Depreciation}.

Over the years, through house hacks, smart financing, and buying in markets I understood, our portfolio has grown steadily… not explosively.

Getting together with others in the space was cathartic, started some relationships and allowed me to conversate with others that understood the day to day of REI.I'm in CA and invest in KC Missouri, not opposed to having in state people/investors too.

Since most GL policies include at least $1M of coverage, triggering the umbrella coverage usually means a significant premises liability/personal injury occurrence.

I have not spent the effort to try to place accurate percentages on my own thoughts but I agree with his primary premise that virtually anything can happen but some things are more likely to happen than others and I believe (and he believes) the most likely to happen is flattish and I have held this view since the start of 2022.  

Understood. 

Please let me know if I have understood the issue here or if I've missed something, and we'll focus on smaller deals until syndication makes more sense for us.