There are sometimes fees associated as well but they seem minimal and scale well since one line of credit can purchase multiple assets.Interested if anyone else is using this lending strategy and what your experiences/recommendations are.

A Title Company can distribute the proceeds based on the agreement, and consulting a CPA will help calculate tax liabilities and explore strategies like a 1031 exchange to minimize taxes.

Insurance companies want to fix it the cheapest way possible, and their goal is to minimize out-of-pocket expenses like this one.  

Obviously tough to give advice based on minimal info and no info on your personal situation.

Some are led by seasoned investors with a wealth of knowledge, while others may be run by people with minimal experience.

Additional resources and tools via brokerage.... 

If maintaining strong cash flow and minimizing risk are more important, Option 1 is the safer choice.Good luck! 

I would buy a deal that at least minimally cashflows (they exist) and then plan to refi in the 18-36 month window.

And it minimizes theft.  

, I really need to keep it simple and minimize risk since I live abroad.