If you do sell I would do a 1031 exchange We do need the cash to buy another property. 

Most mortgages say the lender has the right to buy homeowner's insurance for you if you don't prove you have it.

In North Jersey, buying is difficult from my beginner perspective with high prices, property tax, etc.Barrier to entry feels high in my area.

They also only charge 1.5% realtor commission for the selling side and obviously nothing for the buying side.

Investment Info:Single-family residence buy & hold investment.

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

However, my true goal has always been to develop, buy, and manage real estate—something I’ve dreamed about since I was 12 years old.

A landlord policy can be a commercial policy or a personal lines policy.It's the same as asking if you should buy a single family rental or a 1 unit building.Focus on the coverages and disregard the name of the policy.

This could help stabilize home prices and create buying opportunities for investors and first-time homebuyers.

However I also recommend anyone purchasing real estate in an LLC being able to articulate precisely why they are buying their real state in that entity with a full understanding of the benefits.