You have to weigh the benefit of the insurance claim payment versus potentially having your carrier cancel you and perhaps get black-balled by the insurance industry.

@Srikanth KumarBrooklyn Centre near MetroHealth, Tremont with Grace Hospital and ongoing revitalization, and Fairfax near the Cleveland Clinic are all great areas with solid growth potential.

Since you’re still figuring out where to invest, look for areas with strong rental demand, good schools, low crime, and potential for future growth.

The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.We typically consider $1 million in building basis as a rule of thumb where it makes sense to evaluate the potential benefits.

The Banderas Bay area (from PV to Punta Mita) has lots of potential with the economic growth and the tourism industry expanding north towards San Blas with over 30% appreciation in the past 3 years.

Check with the lender but my understanding is they will count that potential income as well.

Hi BP Family "I’m working on a 15-unit multi-family deal with strong rental & value-add potential.

If not, then assuming that someone is in a financial situation that can afford a potential mishap, then would you say that BRRR is hands down the way to go, or am I missing something?

The market is slow currently and you need to check flood zones and assess insurance costs when underwriting a deal.

With big benefit potential of possibly retaining "Graduated" persons who are now highly trained, proficient employees.