Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

I setup a discord chat to collaborate but not sure I can post it here.    

A great place to learn and research.

Quote from @Jaycee Greene: A few things I noticed, in addition to having the tenant pay the utilities are:1) Incorporate annual increases in rent higher than 2% (in your area, maybe 4%-5%) with a slightly smaller increase in operating expenses (say 2%-3%)2) With a gut rehab, I'm not sure why you need to spend $128/month on cap ex, at least for the first year or 2.3a) An 80% cash out refi is probably going to be hard to get.

I recommend discussing your strategy & financing with a lender to make sure you could qualify for both FHA and then an investment property loan.

Hi Benjamin, Thanks for you response, I just want to make sure I understand you correctly, are you saying the premise liability coverage should be 1 million dollar for each occurrence?

Not sure how to proceed with rentals in this situation.

It would be worth it to me to offer an equity stake in exchange for cash, I'm just not sure how to fairly structure this for both parties. 

Learning a lesson for all of us!

Buying a condo in Treasure Island could be a great move, but be sure you're prepared for the next hurricane.